Overview of Kooporando Momozono (コーポランド桃園)
Kooporando Momozono (コーポランド桃園) is a 44-year-old condominium located at Kitakyuushuushi Yahatahigashi Ku Momozono 2 Choume 4-20 (北九州市八幡東区桃園2丁目4-20), Fukuoka, Japan. Built in 1982, it comprises 54 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Sumitomokensetsu (住友建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥13.2万/sqm (approx. $883/sqm or $82/sqft).
Location & Neighborhood
The property is located at Kitakyuushuushi Yahatahigashi Ku Momozono 2 Choume 4-20 (北九州市八幡東区桃園2丁目4-20), Fukuoka, Japan. It is a 16-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 44 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 54 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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