Overview of Ekureeru Kashii Sandou (エクレール香椎参道)
Ekureeru Kashii Sandou (エクレール香椎参道) is a 32-year-old condominium located at Fukuokashi Higashiku Kashii 2 Choume 5-43 (福岡市東区香椎2丁目5-43), Fukuoka, Japan. Built in 1994, it comprises 52 units in a Reinforced Concrete (RC) structure. It was constructed by Matsuo Kensetsu (松尾建設).
Pricing & Floor Plans
Based on 42 past listings, prices have ranged from 1,100〜2,499万円 (approx. $73,333–$166,600 USD at ¥150/$).
Unit sizes range from 58.6–82.1 sqm (631–884 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 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: ¥26.3万/sqm (approx. $1,751/sqm or $163/sqft).
Location & Neighborhood
The property is located at Fukuokashi Higashiku Kashii 2 Choume 5-43 (福岡市東区香椎2丁目5-43), Fukuoka, Japan. It is a 6-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 32 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 52 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.
Analyze this property's fair price and negotiation room for free at RE:public.