Overview of Forumu Fukuoka Minami (フォルム福岡南)
Forumu Fukuoka Minami (フォルム福岡南) is a 35-year-old condominium located at Fukuokashi Minamiku Miyake 1 Choume 7-32 (福岡市南区三宅1丁目7-32), Fukuoka, Japan. Built in 1991, it comprises 17 units in a Reinforced Concrete (RC) structure. It was constructed by Toyosaka Kensetsu (豊栄建設).
Pricing & Floor Plans
Based on 19 past listings, prices have ranged from 230〜548万円 (approx. $15,333–$36,533 USD at ¥150/$).
Unit sizes range from 17.1–32.0 sqm (184–344 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥19.1万/sqm (approx. $1,275/sqm or $118/sqft).
Location & Neighborhood
The property is located at Fukuokashi Minamiku Miyake 1 Choume 7-32 (福岡市南区三宅1丁目7-32), 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 35 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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