Overview of Guriinmanshon Hakataminami (グリーンマンション博多南)
Guriinmanshon Hakataminami (グリーンマンション博多南) is a 34-year-old condominium located at Kasugashi Jouhaku Mizu 5 Choume 36 (春日市上白水5丁目36), Fukuoka, Japan. Built in 1992, it comprises 30 units in a Reinforced Concrete (RC) structure. It was constructed by Kashii Kensetsu (香椎建設).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 1,380〜2,180万円 (approx. $92,000–$145,333 USD at ¥150/$).
Unit sizes range from 66.1–99.7 sqm (711–1073 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: ¥30.2万/sqm (approx. $2,012/sqm or $187/sqft).
Location & Neighborhood
The property is located at Kasugashi Jouhaku Mizu 5 Choume 36 (春日市上白水5丁目36), Fukuoka, 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 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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