Overview of Asahi Puraza Kurashiki Eguze 1 4 (朝日プラザ倉敷エグゼ１４)
Asahi Puraza Kurashiki Eguze 1 4 (朝日プラザ倉敷エグゼ１４) is a 35-year-old condominium located at Kurashikishi Shouwa 1 Choume 2-31 (倉敷市昭和1丁目2-31), Okayama, Japan. Built in 1991, it comprises 140 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Maeda Kensetsu Kougyou (前田建設工業).
Pricing & Floor Plans
Based on 43 past listings, prices have ranged from 870〜2,280万円 (approx. $58,000–$152,000 USD at ¥150/$).
Unit sizes range from 61.2–76.5 sqm (659–823 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥24.1万/sqm (approx. $1,607/sqm or $149/sqft).
Location & Neighborhood
The property is located at Kurashikishi Shouwa 1 Choume 2-31 (倉敷市昭和1丁目2-31), Okayama, 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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 140 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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