Overview of Emerarudomanshon Minami Ogura B Tou (エメラルドマンション南小倉Ｂ棟)
Emerarudomanshon Minami Ogura B Tou (エメラルドマンション南小倉Ｂ棟) is a 44-year-old condominium located at Kitakyuushuushi Kokurakita Ku Takao 1 Choume 41-20 (北九州市小倉北区高尾1丁目41-20), Fukuoka, Japan. Built in 1982, it comprises 50 units in a Reinforced Concrete (RC) structure. It was constructed by Kita Kensetsu (喜多建設).
Pricing & Floor Plans
Based on 28 past listings, prices have ranged from 120〜798万円 (approx. $8,000–$53,200 USD at ¥150/$).
Unit sizes range from 80.8–84.9 sqm (870–914 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥3.4万/sqm (approx. $225/sqm or $21/sqft).
Location & Neighborhood
The property is located at Kitakyuushuushi Kokurakita Ku Takao 1 Choume 41-20 (北九州市小倉北区高尾1丁目41-20), Fukuoka, Japan. It is a 10-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 50 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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