Overview of Neohaitsu Fukuma (ネオハイツ福間)
Neohaitsu Fukuma (ネオハイツ福間) is a 36-year-old condominium located at Fukutsu Shika Ken Ga Oka 1 Choume 3-10 (福津市花見が丘1丁目3-10), Fukuoka, Japan. Built in 1990, it comprises 36 units in a Reinforced Concrete (RC) structure. It was constructed by Tekken Kensetsu (鉄建建設).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 680〜1,680万円 (approx. $45,333–$112,000 USD at ¥150/$).
Unit sizes range from 62.5–74.8 sqm (673–805 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥23.7万/sqm (approx. $1,579/sqm or $147/sqft).
Location & Neighborhood
The property is located at Fukutsu Shika Ken Ga Oka 1 Choume 3-10 (福津市花見が丘1丁目3-10), 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 36 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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