Overview of Koamanshonfesuteio Kurume (コアマンションフェスティオ久留米)
Koamanshonfesuteio Kurume (コアマンションフェスティオ久留米) is a 23-year-old condominium located at Kurumeshi Higashikushihara Machi 711-1 (久留米市東櫛原町711-1), Fukuoka, Japan. Built in 2003, it comprises 145 units in a Reinforced Concrete (RC) structure. It was constructed by Taiheikougyou (太平工業).
Pricing & Floor Plans
Based on 44 past listings, prices have ranged from 1,090〜2,980万円 (approx. $72,667–$198,667 USD at ¥150/$).
Unit sizes range from 57.8–130.8 sqm (622–1408 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥23.9万/sqm (approx. $1,595/sqm or $148/sqft).
Location & Neighborhood
The property is located at Kurumeshi Higashikushihara Machi 711-1 (久留米市東櫛原町711-1), Fukuoka, Japan. It is a 14-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 23 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 145 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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