Overview of Asahi Puraza Kurume 2 (朝日プラザ久留米２)
Asahi Puraza Kurume 2 (朝日プラザ久留米２) is a 36-year-old condominium located at Kurumeshi Kogashira Machi 3-9 (久留米市小頭町3-9), Fukuoka, Japan. Built in 1990, it comprises 74 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hazamagumi , Kuriki Koumuten (間組、 栗木工務店).
Pricing & Floor Plans
Based on 30 past listings, prices have ranged from 220〜420万円 (approx. $14,667–$28,000 USD at ¥150/$).
Unit sizes range from 18.9–21.1 sqm (203–227 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen).
Estimated price per sqm: ¥13.1万/sqm (approx. $870/sqm or $81/sqft).
Location & Neighborhood
The property is located at Kurumeshi Kogashira Machi 3-9 (久留米市小頭町3-9), 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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 74 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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