Overview of Tookanmanshon Shimizu 5 (トーカンマンション清水５)
Tookanmanshon Shimizu 5 (トーカンマンション清水５) is a 40-year-old condominium located at Kitakyuushuushi Kokurakita Ku Shimizu 4 Choume 3-30 (北九州市小倉北区清水4丁目3-30), Fukuoka, Japan. Built in 1986, it comprises 34 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Sumitomokensetsu (住友建設).
Pricing & Floor Plans
Based on 23 past listings, prices have ranged from 200〜1,548万円 (approx. $13,333–$103,200 USD at ¥150/$).
Unit sizes range from 20.6–80.2 sqm (222–863 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen), 1R (Studio).
Estimated price per sqm: ¥12.6万/sqm (approx. $838/sqm or $78/sqft).
Location & Neighborhood
The property is located at Kitakyuushuushi Kokurakita Ku Shimizu 4 Choume 3-30 (北九州市小倉北区清水4丁目3-30), 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 40 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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