Overview of M J R Haramachi (ＭＪＲ原町)
M J R Haramachi (ＭＪＲ原町) is a 25-year-old condominium located at Kasuya Gun Kasuya Machi Wakamiya 1 Choume 11-8 (糟屋郡粕屋町若宮1丁目11-8), Fukuoka, Japan. Built in 2001, it comprises 24 units in a Reinforced Concrete (RC) structure. It was constructed by Toda Kensetsu (戸田建設).
Pricing & Floor Plans
Based on 5 past listings, prices have ranged from 2,180〜3,780万円 (approx. $145,333–$252,000 USD at ¥150/$).
Unit sizes range from 95.0–95.0 sqm (1023–1023 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Kasuya Gun Kasuya Machi Wakamiya 1 Choume 11-8 (糟屋郡粕屋町若宮1丁目11-8), Fukuoka, Japan. It is a 2-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 25 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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