Overview of Peruru Kita Minato (ペルル北湊)
Peruru Kita Minato (ペルル北湊) is a 34-year-old condominium located at Kitakyuushuushi Wakamatsuku Kita Minatomachi 5-58 (北九州市若松区北湊町5-58), Fukuoka, Japan. Built in 1992, it comprises 62 units in a Reinforced Concrete (RC) structure. It was constructed by Kita Kensetsu (喜多建設).
Pricing & Floor Plans
Based on 19 past listings, prices have ranged from 650〜1,200万円 (approx. $43,333–$80,000 USD at ¥150/$).
Unit sizes range from 68.6–74.1 sqm (738–798 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥14.8万/sqm (approx. $987/sqm or $92/sqft).
Location & Neighborhood
The property is located at Kitakyuushuushi Wakamatsuku Kita Minatomachi 5-58 (北九州市若松区北湊町5-58), Fukuoka, Japan. It is a 23-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.
Scale advantage: With 62 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.
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