Overview of Asahi Puraza Tsutsumimachi 2 (朝日プラザ堤町２)
Asahi Puraza Tsutsumimachi 2 (朝日プラザ堤町２) is a 35-year-old condominium located at Aomorishi Tsutsumimachi 1 Choume 5-20 (青森市堤町1丁目5-20), Aomori, Japan. Built in 1991, it comprises 61 units in a Reinforced Concrete (RC) structure. It was constructed by Goyoukensetsu (五洋建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥12.8万/sqm (approx. $855/sqm or $79/sqft).
Location & Neighborhood
The property is located at Aomorishi Tsutsumimachi 1 Choume 5-20 (青森市堤町1丁目5-20), Aomori, Japan. It is a 23-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 61 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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