Overview of Miyako Fu Rou Paakuhoomuzu (都府楼パークホームズ)
Miyako Fu Rou Paakuhoomuzu (都府楼パークホームズ) is a 32-year-old condominium located at Dazaifu Shito Fu Rou Minami 2 Choume 6-20 (太宰府市都府楼南2丁目6-20), Fukuoka, Japan. Built in 1994, it comprises 60 units in a Reinforced Concrete (RC) structure. It was constructed by Toyosaka Kensetsu (豊栄建設).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 930〜1,480万円 (approx. $62,000–$98,667 USD at ¥150/$).
Unit sizes range from 56.1–75.6 sqm (604–814 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Dazaifu Shito Fu Rou Minami 2 Choume 6-20 (太宰府市都府楼南2丁目6-20), Fukuoka, Japan. It is a 4-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 32 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 60 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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.
Analyze this property's fair price and negotiation room for free at RE:public.