Overview of Neohaitsu Fukuma 2 (ネオハイツ福間２)
Neohaitsu Fukuma 2 (ネオハイツ福間２) is a 34-year-old condominium located at Fukutsu Shika Ken Ga Oka 1 Choume 3-12 (福津市花見が丘1丁目3-12), Fukuoka, Japan. Built in 1992, it comprises 47 units in a Reinforced Concrete (RC) structure. It was constructed by Tekken Kensetsu Kyuushuu Shiten (鉄建建設九州支店).
Pricing & Floor Plans
Based on 40 past listings, prices have ranged from 890〜2,480万円 (approx. $59,333–$165,333 USD at ¥150/$).
Unit sizes range from 66.0–84.7 sqm (710–912 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥26.5万/sqm (approx. $1,765/sqm or $164/sqft).
Location & Neighborhood
The property is located at Fukutsu Shika Ken Ga Oka 1 Choume 3-12 (福津市花見が丘1丁目3-12), Fukuoka, Japan. It is a 8-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 34 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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