Overview of Koamanshon Wajiro Oka Nekusuteeji (コアマンション和白丘ネクステージ)
Koamanshon Wajiro Oka Nekusuteeji (コアマンション和白丘ネクステージ) is a 28-year-old condominium located at Fukuokashi Higashiku Wajiro Oka 2 Choume 3-36 , 48 (福岡市東区和白丘2丁目3-36、48), Fukuoka, Japan. Built in 1998, it comprises 139 units in a Reinforced Concrete (RC) structure. It was constructed by Dai Matsu Kensetsu (大末建設).
Pricing & Floor Plans
Based on 120 past listings, prices have ranged from 1,160〜3,190万円 (approx. $77,333–$212,667 USD at ¥150/$).
Unit sizes range from 62.3–99.7 sqm (671–1073 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥36.7万/sqm (approx. $2,444/sqm or $227/sqft).
Location & Neighborhood
The property is located at Fukuokashi Higashiku Wajiro Oka 2 Choume 3-36 , 48 (福岡市東区和白丘2丁目3-36、48), Fukuoka, Japan. It is a 5-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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 139 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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