Overview of Aaku Kouriyama 1 Ban Kan (アーク郡山１番館)
Aaku Kouriyama 1 Ban Kan (アーク郡山１番館) is a 36-year-old condominium located at Kouriyama Shi Hou Hachi Machi 1 Choume 5-18 (郡山市方八町1丁目5-18), Fukushima, Japan. Built in 1990, it comprises 52 units in a Reinforced Concrete (RC) structure. It was constructed by Maru Hiko Watanabe Kensetsu (丸彦渡辺建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥11.8万/sqm (approx. $785/sqm or $73/sqft).
Location & Neighborhood
The property is located at Kouriyama Shi Hou Hachi Machi 1 Choume 5-18 (郡山市方八町1丁目5-18), Fukushima, Japan. It is a 6-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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 52 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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