Overview of Ookurando Oimatsu Kouen (オークランド老松公園)
Ookurando Oimatsu Kouen (オークランド老松公園) is a 34-year-old condominium located at Kitakyuushuushi Moji Ku Higashimon Tsukasa 1 Choume 11-10 (北九州市門司区東門司1丁目11-10), Fukuoka, Japan. Built in 1992, it comprises 27 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Fudou Kensetsu (不動建設).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 250〜1,350万円 (approx. $16,667–$90,000 USD at ¥150/$).
Unit sizes range from 59.9–148.1 sqm (645–1594 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥2.3万/sqm (approx. $153/sqm or $14/sqft).
Location & Neighborhood
The property is located at Kitakyuushuushi Moji Ku Higashimon Tsukasa 1 Choume 11-10 (北九州市門司区東門司1丁目11-10), Fukuoka, Japan. It is a 15-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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