Overview of Ekuserensu Gion (エクセレンス祇園)
Ekuserensu Gion (エクセレンス祇園) is a 45-year-old condominium located at Fukuokashi Hakataku Reisen Machi 1-3 (福岡市博多区冷泉町1-3), Fukuoka, Japan. Built in 1981, it comprises 168 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Oobayashi Kumi (大林組).
Pricing & Floor Plans
Based on 62 past listings, prices have ranged from 470〜3,250万円 (approx. $31,333–$216,667 USD at ¥150/$).
Unit sizes range from 25.8–80.0 sqm (278–861 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), 4LDK (4-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 1R (Studio).
Estimated price per sqm: ¥43.7万/sqm (approx. $2,911/sqm or $270/sqft).
Location & Neighborhood
The property is located at Fukuokashi Hakataku Reisen Machi 1-3 (福岡市博多区冷泉町1-3), Fukuoka, Japan. It is a 1-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 45 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 168 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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