Overview of Gurandoparesuneosuteeji Moritsune (グランドパレスネオステージ守恒)
Gurandoparesuneosuteeji Moritsune (グランドパレスネオステージ守恒) is a 23-year-old condominium located at Kitakyuushuushi Kokuraminami Ku Moritsune Honchou 1 Choume 25-15 (北九州市小倉南区守恒本町1丁目25-15), Fukuoka, Japan. Built in 2003, it comprises 38 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Fukuya Kensetsu (福屋建設).
Pricing & Floor Plans
Based on 9 past listings, prices have ranged from 1,680〜2,880万円 (approx. $112,000–$192,000 USD at ¥150/$).
Unit sizes range from 71.3–110.9 sqm (767–1194 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥23.1万/sqm (approx. $1,541/sqm or $143/sqft).
Location & Neighborhood
The property is located at Kitakyuushuushi Kokuraminami Ku Moritsune Honchou 1 Choume 25-15 (北九州市小倉南区守恒本町1丁目25-15), 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 23 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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