Overview of Ekureeru Hakozaki (エクレール箱崎)
Ekureeru Hakozaki (エクレール箱崎) is a 34-year-old condominium located at Fukuokashi Higashiku Hakomatsu Shinmachi 4-20 (福岡市東区筥松新町4-20), Fukuoka, Japan. Built in 1992, it comprises 55 units in a Reinforced Concrete (RC) structure. It was constructed by Matsuo Kensetsu (松尾建設).
Pricing & Floor Plans
Based on 26 past listings, prices have ranged from 850〜2,490万円 (approx. $56,667–$166,000 USD at ¥150/$).
Unit sizes range from 57.6–81.9 sqm (620–882 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥30.1万/sqm (approx. $2,008/sqm or $187/sqft).
Location & Neighborhood
The property is located at Fukuokashi Higashiku Hakomatsu Shinmachi 4-20 (福岡市東区筥松新町4-20), Fukuoka, Japan. It is a 10-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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 55 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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