Overview of Tenjin Minami Haitsu (天神南ハイツ)
Tenjin Minami Haitsu (天神南ハイツ) is a 45-year-old condominium located at Fukuokashi Chuuouku Kiyokawa 2 Choume 12-4 (福岡市中央区清川2丁目12-4), Fukuoka, Japan. Built in 1981, it comprises 53 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Mitsubishi Kensetsu (三菱建設).
Pricing & Floor Plans
Based on 32 past listings, prices have ranged from 780〜1,650万円 (approx. $52,000–$110,000 USD at ¥150/$).
Unit sizes range from 44.8–60.3 sqm (482–649 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), 1LDK (1-bedroom w/ living-dining-kitchen), 1R (Studio), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Fukuokashi Chuuouku Kiyokawa 2 Choume 12-4 (福岡市中央区清川2丁目12-4), Fukuoka, Japan. It is a 10-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 45 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 53 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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