Overview of Koamanshonnekusuteeji Kita No Maru (コアマンションネクステージ北の丸)
Koamanshonnekusuteeji Kita No Maru (コアマンションネクステージ北の丸) is a 25-year-old condominium located at Yatsushiro Shi Shinchi Machi 2-5 (八代市新地町2-5), Kumamoto, Japan. Built in 2001, it comprises 102 units in a Reinforced Concrete (RC) structure. It was constructed by Maeda , Nichidou Kensetsu (前田、 日動建設).
Pricing & Floor Plans
Based on 33 past listings, prices have ranged from 1,100〜2,250万円 (approx. $73,333–$150,000 USD at ¥150/$).
Unit sizes range from 71.0–101.0 sqm (764–1087 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: ¥17.8万/sqm (approx. $1,186/sqm or $110/sqft).
Location & Neighborhood
The property is located at Yatsushiro Shi Shinchi Machi 2-5 (八代市新地町2-5), Kumamoto, Japan. It is a 35-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 25 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 102 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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