Overview of Asahi Puraza Toyohashi Aabansukuea (朝日プラザ豊橋アーバンスクエア)
Asahi Puraza Toyohashi Aabansukuea (朝日プラザ豊橋アーバンスクエア) is a 35-year-old condominium located at Toyohashishi Ue Denmachou 98 (豊橋市上伝馬町98), Aichi, Japan. Built in 1991, it comprises 91 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Tsuchiya Kumi (土屋組).
Pricing & Floor Plans
Based on 32 past listings, prices have ranged from 160〜300万円 (approx. $10,667–$20,000 USD at ¥150/$).
Unit sizes range from 15.4–18.6 sqm (166–200 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥11.4万/sqm (approx. $761/sqm or $71/sqft).
Location & Neighborhood
The property is located at Toyohashishi Ue Denmachou 98 (豊橋市上伝馬町98), Aichi, Japan. It is a 12-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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 91 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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