Overview of Forumu Hakata Suteeshon (フォルム博多ステーション)
Forumu Hakata Suteeshon (フォルム博多ステーション) is a 36-year-old condominium located at Fukuokashi Hakataku Hakataeki Minami 5 Choume 7-14 (福岡市博多区博多駅南5丁目7-14), Fukuoka, Japan. Built in 1990, it comprises 33 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 15 past listings, prices have ranged from 360〜580万円 (approx. $24,000–$38,667 USD at ¥150/$).
Unit sizes range from 21.6–25.2 sqm (233–271 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Location & Neighborhood
The property is located at Fukuokashi Hakataku Hakataeki Minami 5 Choume 7-14 (福岡市博多区博多駅南5丁目7-14), 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 36 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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