Overview of Fukudai Mae Ekuseruabenyuu 2 7 (福大前エクセルアベニュー２７)
Fukudai Mae Ekuseruabenyuu 2 7 (福大前エクセルアベニュー２７) is a 37-year-old condominium located at Fukuokashi Jounan Ku Katae 5 Choume 1-45 (福岡市城南区片江5丁目1-45), Fukuoka, Japan. Built in 1989, it comprises 51 units in a Reinforced Concrete (RC) structure. It was constructed by Fudou Kensetsu (不動建設).
Pricing & Floor Plans
Based on 29 past listings, prices have ranged from 200〜1,850万円 (approx. $13,333–$123,333 USD at ¥150/$).
Unit sizes range from 18.3–53.3 sqm (197–574 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 1K (1-bedroom w/ kitchen), 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥35.1万/sqm (approx. $2,337/sqm or $217/sqft).
Location & Neighborhood
The property is located at Fukuokashi Jounan Ku Katae 5 Choume 1-45 (福岡市城南区片江5丁目1-45), 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 37 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 51 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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