Overview of Hairejidensu Asahi (ハイレジデンス旭)
Hairejidensu Asahi (ハイレジデンス旭) is a 41-year-old condominium located at Handa Shi Asahimachi 5 Choume 3-2 (半田市旭町5丁目3-2), Aichi, Japan. Built in 1985, it comprises 72 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Yahagi Kensetsu Kougyou (矢作建設工業).
Pricing & Floor Plans
Based on 32 past listings, prices have ranged from 380〜1,080万円 (approx. $25,333–$72,000 USD at ¥150/$).
Unit sizes range from 63.4–84.4 sqm (682–908 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), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥8.7万/sqm (approx. $579/sqm or $54/sqft).
Location & Neighborhood
The property is located at Handa Shi Asahimachi 5 Choume 3-2 (半田市旭町5丁目3-2), Aichi, Japan. It is a 7-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 41 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 72 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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