Overview of Puraza Kasugai (プラザ春日井)
Puraza Kasugai (プラザ春日井) is a 44-year-old condominium located at Kasugai Shi Otsu Wa Machi 2 Choume 37 (春日井市乙輪町2丁目37), Aichi, Japan. Built in 1982, it comprises 32 units in a Reinforced Concrete (RC) structure. It was constructed by Yahagi Kensetsu Kougyou (矢作建設工業).
Pricing & Floor Plans
Based on 27 past listings, prices have ranged from 750〜1,480万円 (approx. $50,000–$98,667 USD at ¥150/$).
Unit sizes range from 61.0–74.7 sqm (657–804 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥14.4万/sqm (approx. $963/sqm or $89/sqft).
Location & Neighborhood
The property is located at Kasugai Shi Otsu Wa Machi 2 Choume 37 (春日井市乙輪町2丁目37), Aichi, Japan. It is a 8-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 44 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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