Overview of Touhou Manshon Meinohama (東峰マンション姪浜)
Touhou Manshon Meinohama (東峰マンション姪浜) is a 42-year-old condominium located at Fukuokashi Nishiku Mei No Hama 5 Choume 7-18 (福岡市西区姪の浜5丁目7-18), Fukuoka, Japan. Built in 1984, it comprises 64 units in a Reinforced Concrete (RC) structure. It was constructed by Matsuo Kensetsu (松尾建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥30.2万/sqm (approx. $2,017/sqm or $187/sqft).
Location & Neighborhood
The property is located at Fukuokashi Nishiku Mei No Hama 5 Choume 7-18 (福岡市西区姪の浜5丁目7-18), Fukuoka, Japan. It is a 5-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 42 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 64 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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