Overview of Furawaamanshon Kusunoki Namiki Toori (フラワーマンション楠並木通)
Furawaamanshon Kusunoki Namiki Toori (フラワーマンション楠並木通) is a 26-year-old condominium located at Miyazaki Shi Asahi 2 Choume 12-1 (宮崎市旭2丁目12-1), Miyazaki, Japan. Built in 2000, it comprises 34 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥29.8万/sqm (approx. $1,983/sqm or $184/sqft).
Location & Neighborhood
The property is located at Miyazaki Shi Asahi 2 Choume 12-1 (宮崎市旭2丁目12-1), Miyazaki, Japan. It is a 12-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 26 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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