Overview of Asahi Puraza Hyougo Ekimae Toori (朝日プラザ兵庫駅前通)
Asahi Puraza Hyougo Ekimae Toori (朝日プラザ兵庫駅前通) is a 35-year-old condominium located at Koubeshi Hyougo Ku Ekimae Toori 5 Choume 3-15 (神戸市兵庫区駅前通5丁目3-15), Hyogo, Japan. Built in 1991, it comprises 62 units in a Reinforced Concrete (RC) structure. It was constructed by Harima Kougyou Tokoro (播磨工業所).
Pricing & Floor Plans
Based on 29 past listings, prices have ranged from 498〜2,480万円 (approx. $33,200–$165,333 USD at ¥150/$).
Unit sizes range from 19.4–90.9 sqm (209–978 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 1DK (1-bedroom w/ dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥34.5万/sqm (approx. $2,299/sqm or $214/sqft).
Location & Neighborhood
The property is located at Koubeshi Hyougo Ku Ekimae Toori 5 Choume 3-15 (神戸市兵庫区駅前通5丁目3-15), Hyogo, Japan. It is a 9-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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 62 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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