Overview of Tookanmanshon Tenjin Minami (トーカンマンション天神南)
Tookanmanshon Tenjin Minami (トーカンマンション天神南) is a 31-year-old condominium located at Fukuokashi Chuuouku Imaizumi 1 Choume 18-11 (福岡市中央区今泉1丁目18-11), Fukuoka, Japan. Built in 1995, it comprises 20 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Asanuma Kumi (浅沼組).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥67.4万/sqm (approx. $4,496/sqm or $418/sqft).
Location & Neighborhood
The property is located at Fukuokashi Chuuouku Imaizumi 1 Choume 18-11 (福岡市中央区今泉1丁目18-11), Fukuoka, Japan. It is a 7-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 31 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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