Overview of Pasaaju Moji (パサージュ門司)
Pasaaju Moji (パサージュ門司) is a 35-year-old condominium located at Kitakyuushuushi Moji Ku Nishishin Machi 1 Choume 9-16 (北九州市門司区西新町1丁目9-16), Fukuoka, Japan. Built in 1991, it comprises 43 units in a 鉄骨造 structure.
Pricing & Floor Plans
Based on 52 past listings, prices have ranged from 130〜490万円 (approx. $8,667–$32,667 USD at ¥150/$).
Unit sizes range from 19.4–32.0 sqm (209–344 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥18.6万/sqm (approx. $1,240/sqm or $115/sqft).
Location & Neighborhood
The property is located at Kitakyuushuushi Moji Ku Nishishin Machi 1 Choume 9-16 (北九州市門司区西新町1丁目9-16), Fukuoka, Japan. It is a 4-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 35 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.
Analyze this property's fair price and negotiation room for free at RE:public.