Overview of Koamanshon Kasuga Ootani 2 (コアマンション春日大谷２)
Koamanshon Kasuga Ootani 2 (コアマンション春日大谷２) is a 29-year-old condominium located at Kasugashi Ootani 3 Choume 98-2 (春日市大谷3丁目98-2), Fukuoka, Japan. Built in 1997, it comprises 110 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Satou Kumi Fukuoka Shisha (佐藤組福岡支社).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥26.5万/sqm (approx. $1,767/sqm or $164/sqft).
Location & Neighborhood
The property is located at Kasugashi Ootani 3 Choume 98-2 (春日市大谷3丁目98-2), Fukuoka, Japan. It is a 30-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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 110 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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