Overview of Asahi Puraza Iwashimizu (朝日プラザ石清水)
Asahi Puraza Iwashimizu (朝日プラザ石清水) is a 36-year-old condominium located at Yahatashi Hachiman Shimizui 45-1 (八幡市八幡清水井45-1), Kyoto, Japan. Built in 1990, it comprises 58 units in a Reinforced Concrete (RC) structure. It was constructed by Toure Kensetsu (東レ建設).
Pricing & Floor Plans
Based on 39 past listings, prices have ranged from 600〜2,190万円 (approx. $40,000–$146,000 USD at ¥150/$).
Unit sizes range from 68.8–96.0 sqm (741–1033 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 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: ¥17.8万/sqm (approx. $1,187/sqm or $110/sqft).
Location & Neighborhood
The property is located at Yahatashi Hachiman Shimizui 45-1 (八幡市八幡清水井45-1), Kyoto, Japan. It is a 10-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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 58 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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