Overview of Ookurando Chuuou (オークランド中央)
Ookurando Chuuou (オークランド中央) is a 45-year-old condominium located at Kitakyuushuushi Yahatahigashi Ku Chuuou 1 Choume 1-12 (北九州市八幡東区中央1丁目1-12), Fukuoka, Japan. Built in 1981, it comprises 58 units in a Steel Reinforced Concrete (SRC) structure.
Pricing & Floor Plans
Based on 39 past listings, prices have ranged from 520〜1,650万円 (approx. $34,667–$110,000 USD at ¥150/$).
Unit sizes range from 65.0–96.0 sqm (700–1033 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), 1LDK (1-bedroom w/ living-dining-kitchen), 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥16.2万/sqm (approx. $1,079/sqm or $100/sqft).
Location & Neighborhood
The property is located at Kitakyuushuushi Yahatahigashi Ku Chuuou 1 Choume 1-12 (北九州市八幡東区中央1丁目1-12), Fukuoka, Japan. It is a 14-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 45 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 58 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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