Overview of Ai Asahi (アイ旭)
Ai Asahi (アイ旭) is a 30-year-old condominium located at Owariasahi Shi Hakuhou Machi 2 Choume 24 (尾張旭市白鳳町2丁目24), Aichi, Japan. Built in 1996, it comprises 24 units in a Reinforced Concrete (RC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Based on 27 past listings, prices have ranged from 930〜2,280万円 (approx. $62,000–$152,000 USD at ¥150/$).
Unit sizes range from 63.3–71.6 sqm (681–771 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥26.8万/sqm (approx. $1,789/sqm or $166/sqft).
Location & Neighborhood
The property is located at Owariasahi Shi Hakuhou Machi 2 Choume 24 (尾張旭市白鳳町2丁目24), Aichi, Japan. It is a 3-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 30 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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