Overview of Horutohaimu J R Hakataminami (ホルトハイムＪＲ博多南)
Horutohaimu J R Hakataminami (ホルトハイムＪＲ博多南) is a 28-year-old condominium located at Kasugashi Jouhaku Mizu 7 Choume 157 (春日市上白水7丁目157), Fukuoka, Japan. Built in 1998, it comprises 42 units in a Reinforced Concrete (RC) structure. It was constructed by Arisawa Kensetsu (有澤建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥39.1万/sqm (approx. $2,609/sqm or $242/sqft).
Location & Neighborhood
The property is located at Kasugashi Jouhaku Mizu 7 Choume 157 (春日市上白水7丁目157), Fukuoka, Japan. It is a 9-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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