Overview of Jgm Nanten Kami (JGM南天神)
Jgm Nanten Kami (JGM南天神) is a 34-year-old condominium located at Fukuokashi Chuuouku Kiyokawa 2 Choume 6-6 (福岡市中央区清川2丁目6-6), Fukuoka, Japan. Built in 1992, it comprises 72 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Inoue Kumi (井上組).
Pricing & Floor Plans
Based on 38 past listings, prices have ranged from 430〜820万円 (approx. $28,667–$54,667 USD at ¥150/$).
Unit sizes range from 19.8–21.8 sqm (213–235 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥30.4万/sqm (approx. $2,026/sqm or $188/sqft).
Location & Neighborhood
The property is located at Fukuokashi Chuuouku Kiyokawa 2 Choume 6-6 (福岡市中央区清川2丁目6-6), Fukuoka, Japan. It is a 9-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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 72 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.
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