Overview of Asahi Puraza Asou Higashi (朝日プラザ麻生東)
Asahi Puraza Asou Higashi (朝日プラザ麻生東) is a 38-year-old condominium located at Sapporoshi Higashiku Kita Shijuu Nijou Higashi 4 Choume 1-16 (札幌市東区北四十二条東4丁目1-16), Hokkaido, Japan. Built in 1988, it comprises 59 units in a Reinforced Concrete (RC) structure. It was constructed by Sakamoto Kensetsu , Tekken Kensetsu (坂本建設、 鉄建建設).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 480〜1,898万円 (approx. $32,000–$126,533 USD at ¥150/$).
Unit sizes range from 70.8–90.2 sqm (762–971 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥20.6万/sqm (approx. $1,377/sqm or $128/sqft).
Location & Neighborhood
The property is located at Sapporoshi Higashiku Kita Shijuu Nijou Higashi 4 Choume 1-16 (札幌市東区北四十二条東4丁目1-16), Hokkaido, Japan. It is a 13-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 38 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 59 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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