Overview of Asahi Puraza Kakogawa Viraaju (朝日プラザ加古川ヴィラージュ)
Asahi Puraza Kakogawa Viraaju (朝日プラザ加古川ヴィラージュ) is a 37-year-old condominium located at Kakogawa Shi Kakogawa Machi Kita Zaike 2011 (加古川市加古川町北在家2011), Hyogo, Japan. Built in 1989, it comprises 32 units in a Reinforced Concrete (RC) structure. It was constructed by Murakami Koumuten (村上工務店).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 260〜1,290万円 (approx. $17,333–$86,000 USD at ¥150/$).
Unit sizes range from 20.3–86.0 sqm (219–926 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1DK (1-bedroom w/ dining-kitchen), 1K (1-bedroom w/ kitchen), 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥13.9万/sqm (approx. $927/sqm or $86/sqft).
Location & Neighborhood
The property is located at Kakogawa Shi Kakogawa Machi Kita Zaike 2011 (加古川市加古川町北在家2011), Hyogo, Japan. It is a 21-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 37 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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