Overview of Forumu Nijou Joutou (フォルム二条城東)
Forumu Nijou Joutou (フォルム二条城東) is a 37-year-old condominium located at Kyoutoshi Chuukyouku Ou Aburanokoujichou 254 (京都市中京区押油小路町254), Kyoto, Japan. Built in 1989, it comprises 23 units in a Reinforced Concrete (RC) structure. It was constructed by Fujiki Koumuten , Kurosawa Koumuten (藤木工務店、 黒澤工務店).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 1,970〜11,000万円 (approx. $131,333–$733,333 USD at ¥150/$).
Unit sizes range from 43.3–197.2 sqm (466–2123 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), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥81.4万/sqm (approx. $5,429/sqm or $504/sqft).
Location & Neighborhood
The property is located at Kyoutoshi Chuukyouku Ou Aburanokoujichou 254 (京都市中京区押油小路町254), Kyoto, Japan. It is a 8-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 37 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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