Overview of Koamanshon Hakozaki Ekimae (コアマンション箱崎駅前)
Koamanshon Hakozaki Ekimae (コアマンション箱崎駅前) is a 30-year-old condominium located at Fukuokashi Higashikuhakozaki 3 Choume 8-31 (福岡市東区箱崎3丁目8-31), Fukuoka, Japan. Built in 1996, it comprises 33 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kyuushuu Kensetsu (九州建設).
Pricing & Floor Plans
Based on 28 past listings, prices have ranged from 1,140〜4,298万円 (approx. $76,000–$286,533 USD at ¥150/$).
Unit sizes range from 63.2–80.4 sqm (680–865 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥52.0万/sqm (approx. $3,463/sqm or $322/sqft).
Location & Neighborhood
The property is located at Fukuokashi Higashikuhakozaki 3 Choume 8-31 (福岡市東区箱崎3丁目8-31), Fukuoka, Japan. It is a 3-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 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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