Overview of M J R Fukuma (ＭＪＲ福間)
M J R Fukuma (ＭＪＲ福間) is a 28-year-old condominium located at Fukutsu Shichuu Ou 2 Choume 23-1 (福津市中央2丁目23-1), Fukuoka, Japan. Built in 1998, it comprises 34 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 11 past listings, prices have ranged from 1,200〜3,180万円 (approx. $80,000–$212,000 USD at ¥150/$).
Unit sizes range from 77.2–99.7 sqm (831–1073 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥31.1万/sqm (approx. $2,074/sqm or $193/sqft).
Location & Neighborhood
The property is located at Fukutsu Shichuu Ou 2 Choume 23-1 (福津市中央2丁目23-1), Fukuoka, Japan. It is a 6-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 28 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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