Overview of Paakunova Kurume Chuuou (パークノヴァ久留米中央)
Paakunova Kurume Chuuou (パークノヴァ久留米中央) is a 34-year-old condominium located at Kurumeshi Shinoyama Machi 12-3 (久留米市篠山町12-3), Fukuoka, Japan. Built in 1992, it comprises 62 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Mitsuikensetsu , Toku Kura Kensetsu (三井建設、 徳倉建設).
Pricing & Floor Plans
Based on 35 past listings, prices have ranged from 360〜1,955万円 (approx. $24,000–$130,333 USD at ¥150/$).
Unit sizes range from 33.7–99.8 sqm (363–1074 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), 2K (2-bedroom w/ kitchen), 1LDK (1-bedroom w/ living-dining-kitchen), 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥20.5万/sqm (approx. $1,366/sqm or $127/sqft).
Location & Neighborhood
The property is located at Kurumeshi Shinoyama Machi 12-3 (久留米市篠山町12-3), Fukuoka, Japan. It is a 11-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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 62 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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