Overview of Chisanmanshon Nishikouen (チサンマンション西公園)
Chisanmanshon Nishikouen (チサンマンション西公園) is a 42-year-old condominium located at Fukuokashi Chuuouku Arato 2 Choume 4-23 (福岡市中央区荒戸2丁目4-23), Fukuoka, Japan. Built in 1984, it comprises 91 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Goyoukensetsu (五洋建設).
Pricing & Floor Plans
Based on 66 past listings, prices have ranged from 700〜3,580万円 (approx. $46,667–$238,667 USD at ¥150/$).
Unit sizes range from 41.7–95.4 sqm (449–1027 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥46.5万/sqm (approx. $3,098/sqm or $288/sqft).
Location & Neighborhood
The property is located at Fukuokashi Chuuouku Arato 2 Choume 4-23 (福岡市中央区荒戸2丁目4-23), Fukuoka, Japan. It is a 8-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 42 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 91 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
Analyze this property's fair price and negotiation room for free at RE:public.