Overview of Akashi Orientohausu (明石オリエントハウス)
Akashi Orientohausu (明石オリエントハウス) is a 45-year-old condominium located at Akashishi Nishishin Machi 2 Choume 2-16 (明石市西新町2丁目2-16), Hyogo, Japan. Built in 1981, it comprises 61 units in a Reinforced Concrete (RC) structure. It was constructed by Arai Kumi , Akashi Doken Kougyou (新井組、 明石土建工業).
Pricing & Floor Plans
Based on 32 past listings, prices have ranged from 630〜2,100万円 (approx. $42,000–$140,000 USD at ¥150/$).
Unit sizes range from 65.0–83.2 sqm (700–896 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥23.7万/sqm (approx. $1,581/sqm or $147/sqft).
Location & Neighborhood
The property is located at Akashishi Nishishin Machi 2 Choume 2-16 (明石市西新町2丁目2-16), Hyogo, 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 45 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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