Overview of Forumu Kokuraminami Ni Ban Kan (フォルム小倉南弐番館)
Forumu Kokuraminami Ni Ban Kan (フォルム小倉南弐番館) is a 35-year-old condominium located at Kitakyuushuushi Kokuraminami Ku Yukawa Shinmachi 1 Choume 10-3 (北九州市小倉南区湯川新町1丁目10-3), Fukuoka, Japan. Built in 1991, it comprises 39 units in a Reinforced Concrete (RC) structure. It was constructed by Sankou Juutaku Kigyou (三興住宅企業).
Pricing & Floor Plans
Based on 43 past listings, prices have ranged from 148〜420万円 (approx. $9,867–$28,000 USD at ¥150/$).
Unit sizes range from 17.2–38.1 sqm (185–410 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥9.8万/sqm (approx. $655/sqm or $61/sqft).
Location & Neighborhood
The property is located at Kitakyuushuushi Kokuraminami Ku Yukawa Shinmachi 1 Choume 10-3 (北九州市小倉南区湯川新町1丁目10-3), Fukuoka, 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 35 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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