Overview of Guriinhiru Fukuma Ekimae (グリーンヒル福間駅前)
Guriinhiru Fukuma Ekimae (グリーンヒル福間駅前) is a 28-year-old condominium located at Fukutsu Shichuu Ou 3 Choume 4-17 (福津市中央3丁目4-17), Fukuoka, Japan. Built in 1998, it comprises 67 units in a Reinforced Concrete (RC) structure. It was constructed by Kyuu Tekkou Gyou (九鉄工業).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 1,190〜1,950万円 (approx. $79,333–$130,000 USD at ¥150/$).
Unit sizes range from 70.5–84.0 sqm (759–904 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥25.9万/sqm (approx. $1,725/sqm or $160/sqft).
Location & Neighborhood
The property is located at Fukutsu Shichuu Ou 3 Choume 4-17 (福津市中央3丁目4-17), Fukuoka, Japan. It is a 3-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 67 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.
Analyze this property's fair price and negotiation room for free at RE:public.