Overview of Asahi Puraza Shukuin (朝日プラザ宿院)
Asahi Puraza Shukuin (朝日プラザ宿院) is a 39-year-old condominium located at Sakaishi Sakai Ku Nakanochou Nishi 4 Choume 1-1 (堺市堺区中之町西4丁目1-1), Osaka, Japan. Built in 1987, it comprises 38 units in a Reinforced Concrete (RC) structure. It was constructed by Asahi Juuken (朝日住建).
Pricing & Floor Plans
Based on 23 past listings, prices have ranged from 1,300〜2,398万円 (approx. $86,667–$159,867 USD at ¥150/$).
Unit sizes range from 63.6–88.0 sqm (685–947 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥26.2万/sqm (approx. $1,745/sqm or $162/sqft).
Location & Neighborhood
The property is located at Sakaishi Sakai Ku Nakanochou Nishi 4 Choume 1-1 (堺市堺区中之町西4丁目1-1), Osaka, 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 39 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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