Overview of Koamanshon Shussui 2 (コアマンション出水２)
Koamanshon Shussui 2 (コアマンション出水２) is a 36-year-old condominium located at Kumamotoshi Chuuouku Shussui 8 Choume 7-32 (熊本市中央区出水8丁目7-32), Kumamoto, Japan. Built in 1990, it comprises 42 units in a Reinforced Concrete (RC) structure. It was constructed by Kakihara Kumi (柿原組).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥24.3万/sqm (approx. $1,619/sqm or $150/sqft).
Location & Neighborhood
The property is located at Kumamotoshi Chuuouku Shussui 8 Choume 7-32 (熊本市中央区出水8丁目7-32), Kumamoto, 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 36 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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