Overview of Asahi Puraza Kokuraminami (朝日プラザ小倉南)
Asahi Puraza Kokuraminami (朝日プラザ小倉南) is a 36-year-old condominium located at Kitakyuushuushi Kokuraminami Ku Hoppou 2 Choume 1-7 (北九州市小倉南区北方2丁目1-7), Fukuoka, Japan. Built in 1990, it comprises 36 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 150〜498万円 (approx. $10,000–$33,200 USD at ¥150/$).
Unit sizes range from 19.1–38.3 sqm (206–412 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen).
Location & Neighborhood
The property is located at Kitakyuushuushi Kokuraminami Ku Hoppou 2 Choume 1-7 (北九州市小倉南区北方2丁目1-7), Fukuoka, Japan. It is a 3-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 36 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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