Overview of Koamanshon Hakataeki Minami (コアマンション博多駅南)
Koamanshon Hakataeki Minami (コアマンション博多駅南) is a 30-year-old condominium located at Fukuokashi Hakataku Hakataeki Minami 3 Choume 17-10 (福岡市博多区博多駅南3丁目17-10), Fukuoka, Japan. Built in 1996, it comprises 39 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Tatsumura Kumi (辰村組).
Pricing & Floor Plans
Based on 49 past listings, prices have ranged from 1,840〜4,398万円 (approx. $122,667–$293,200 USD at ¥150/$).
Unit sizes range from 67.2–86.4 sqm (723–930 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥49.5万/sqm (approx. $3,298/sqm or $306/sqft).
Location & Neighborhood
The property is located at Fukuokashi Hakataku Hakataeki Minami 3 Choume 17-10 (福岡市博多区博多駅南3丁目17-10), Fukuoka, Japan. It is a 12-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 30 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
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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