Overview of Paakusereno Genkai (パークセレノ玄海)
Paakusereno Genkai (パークセレノ玄海) is a 33-year-old condominium located at Munakata Shi Kounominato 666 (宗像市神湊666), Fukuoka, Japan. Built in 1993, it comprises 52 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Mitsuikensetsu (三井建設).
Pricing & Floor Plans
Based on 67 past listings, prices have ranged from 380〜1,280万円 (approx. $25,333–$85,333 USD at ¥150/$).
Unit sizes range from 39.9–67.8 sqm (429–730 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 1R (Studio).
Estimated price per sqm: ¥13.7万/sqm (approx. $915/sqm or $85/sqft).
Location & Neighborhood
The property is located at Munakata Shi Kounominato 666 (宗像市神湊666), 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 33 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 52 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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