Overview of Ookurando Mojikou (オークランド門司港)
Ookurando Mojikou (オークランド門司港) is a 39-year-old condominium located at Kitakyuushuushi Moji Ku Higashihonmachi 2 Choume 1-24 (北九州市門司区東本町2丁目1-24), Fukuoka, Japan. Built in 1987, it comprises 47 units in a Reinforced Concrete (RC) structure. It was constructed by Dai Matsu Kensetsu (大末建設).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 630〜1,980万円 (approx. $42,000–$132,000 USD at ¥150/$).
Unit sizes range from 65.1–79.2 sqm (701–853 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), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥17.6万/sqm (approx. $1,175/sqm or $109/sqft).
Location & Neighborhood
The property is located at Kitakyuushuushi Moji Ku Higashihonmachi 2 Choume 1-24 (北九州市門司区東本町2丁目1-24), Fukuoka, Japan. It is a 10-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 39 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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