Overview of Touwa Haitaun Kiku Oka Ekimae 1 (藤和ハイタウン企救丘駅前１)
Touwa Haitaun Kiku Oka Ekimae 1 (藤和ハイタウン企救丘駅前１) is a 32-year-old condominium located at Kitakyuushuushi Kokuraminami Ku Kiku Oka 2 Choume 14-1 (北九州市小倉南区企救丘2丁目14-1), Fukuoka, Japan. Built in 1994, it comprises 163 units in a Reinforced Concrete (RC) structure. It was constructed by Arai Kumi (新井組).
Pricing & Floor Plans
Based on 3 past listings, prices have ranged from 965〜1,498万円 (approx. $64,333–$99,867 USD at ¥150/$).
Unit sizes range from 56.3–61.8 sqm (606–665 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Kitakyuushuushi Kokuraminami Ku Kiku Oka 2 Choume 14-1 (北九州市小倉南区企救丘2丁目14-1), Fukuoka, Japan. It is a 1-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 32 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 163 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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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