Overview of Shiteimanshon Kurume (シティマンション久留米)
Shiteimanshon Kurume (シティマンション久留米) is a 40-year-old condominium located at Kurumeshi Nagato Ishi 2 Choume 2-34 (久留米市長門石2丁目2-34), Fukuoka, Japan. Built in 1986, it comprises 103 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Tada Kensetsu (多田建設).
Pricing & Floor Plans
Based on 33 past listings, prices have ranged from 480〜1,099万円 (approx. $32,000–$73,267 USD at ¥150/$).
Unit sizes range from 49.7–77.8 sqm (535–837 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥14.1万/sqm (approx. $942/sqm or $88/sqft).
Location & Neighborhood
The property is located at Kurumeshi Nagato Ishi 2 Choume 2-34 (久留米市長門石2丁目2-34), Fukuoka, Japan. It is a 21-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 40 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 103 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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