Overview of Furekkusu Kurume Ekimae (フレックス久留米駅前)
Furekkusu Kurume Ekimae (フレックス久留米駅前) is a 35-year-old condominium located at Kurumeshi Shinoharachou 1-2 (久留米市篠原町1-2), Fukuoka, Japan. Built in 1991, it comprises 42 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Handa Kensetsu (半田建設).
Pricing & Floor Plans
Based on 28 past listings, prices have ranged from 180〜500万円 (approx. $12,000–$33,333 USD at ¥150/$).
Unit sizes range from 20.4–34.3 sqm (220–369 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥13.4万/sqm (approx. $893/sqm or $83/sqft).
Location & Neighborhood
The property is located at Kurumeshi Shinoharachou 1-2 (久留米市篠原町1-2), Fukuoka, Japan. It is a 4-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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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