Overview of Paresuto Jounan (パレスト城南)
Paresuto Jounan (パレスト城南) is a 25-year-old condominium located at Fukuokashi Jounan Ku Hiikawa 5 Choume 36-40 (福岡市城南区樋井川5丁目36-40), Fukuoka, Japan. Built in 2001, it comprises 16 units in a Reinforced Concrete (RC) structure. It was constructed by Kaneko Koumuten (金子工務店).
Pricing & Floor Plans
Based on 10 past listings, prices have ranged from 1,450〜2,180万円 (approx. $96,667–$145,333 USD at ¥150/$).
Unit sizes range from 71.7–86.3 sqm (772–929 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).
Location & Neighborhood
The property is located at Fukuokashi Jounan Ku Hiikawa 5 Choume 36-40 (福岡市城南区樋井川5丁目36-40), Fukuoka, Japan. It is a 7-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 25 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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