Overview of Asahi Puraza Nishi Biwa Shima (朝日プラザ西枇杷島)
Asahi Puraza Nishi Biwa Shima (朝日プラザ西枇杷島) is a 35-year-old condominium located at Kiyosu Shi Nishi Biwa Shima Machi Asahi 2 Choume 4 (清須市西枇杷島町旭2丁目4), Aichi, Japan. Built in 1991, it comprises 18 units in a Reinforced Concrete (RC) structure. It was constructed by Muramoto Kensetsu (村本建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥22.4万/sqm (approx. $1,493/sqm or $139/sqft).
Location & Neighborhood
The property is located at Kiyosu Shi Nishi Biwa Shima Machi Asahi 2 Choume 4 (清須市西枇杷島町旭2丁目4), 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 35 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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