Overview of Adoriimu Moritsune (アドリーム守恒)
Adoriimu Moritsune (アドリーム守恒) is a 37-year-old condominium located at Kitakyuushuushi Kokuraminami Ku Moritsune 4 Choume 1-3 (北九州市小倉南区守恒4丁目1-3), Fukuoka, Japan. Built in 1989, it comprises 49 units in a Reinforced Concrete (RC) structure. It was constructed by Satou Kougyou (佐藤工業).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 900〜2,590万円 (approx. $60,000–$172,667 USD at ¥150/$).
Unit sizes range from 71.2–81.4 sqm (766–876 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥27.5万/sqm (approx. $1,833/sqm or $170/sqft).
Location & Neighborhood
The property is located at Kitakyuushuushi Kokuraminami Ku Moritsune 4 Choume 1-3 (北九州市小倉南区守恒4丁目1-3), Fukuoka, Japan. It is a 7-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 37 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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