Overview of Koronaaru Kasuga (コロナール春日)
Koronaaru Kasuga (コロナール春日) is a 35-year-old condominium located at Kasugashi Takaramachi 4 Choume 18-2 (春日市宝町4丁目18-2), Fukuoka, Japan. Built in 1991, it comprises 39 units in a Reinforced Concrete (RC) structure. It was constructed by Matsuo Kensetsu (松尾建設).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 1,199〜2,280万円 (approx. $79,933–$152,000 USD at ¥150/$).
Unit sizes range from 59.0–86.9 sqm (635–935 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥31.0万/sqm (approx. $2,068/sqm or $192/sqft).
Location & Neighborhood
The property is located at Kasugashi Takaramachi 4 Choume 18-2 (春日市宝町4丁目18-2), Fukuoka, Japan. It is a 15-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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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