Overview of Guriintaun Moritsune 1 2 Goutou (グリーンタウンもりつね１２号棟)
Guriintaun Moritsune 1 2 Goutou (グリーンタウンもりつね１２号棟) is a 44-year-old condominium located at Kitakyuushuushi Kokuraminami Ku Moritsune 3 Choume 1-12 (北九州市小倉南区守恒3丁目1-12), Fukuoka, Japan. Built in 1982, it comprises 30 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 3 past listings, prices have ranged from 980〜1,380万円 (approx. $65,333–$92,000 USD at ¥150/$).
Unit sizes range from 82.3–84.9 sqm (886–914 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Kitakyuushuushi Kokuraminami Ku Moritsune 3 Choume 1-12 (北九州市小倉南区守恒3丁目1-12), Fukuoka, Japan. It is a 5-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 44 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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