Overview of Kurashiki Chuuou Manshon (倉敷中央マンション)
Kurashiki Chuuou Manshon (倉敷中央マンション) is a 45-year-old condominium located at Kurashikishi Chuuou 1 Choume 24-7 (倉敷市中央1丁目24-7), Okayama, Japan. Built in 1981, it comprises 32 units in a Reinforced Concrete (RC) structure. It was constructed by Anabuki Koumuten (穴吹工務店).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 880〜1,680万円 (approx. $58,667–$112,000 USD at ¥150/$).
Unit sizes range from 60.4–82.5 sqm (650–888 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥18.7万/sqm (approx. $1,245/sqm or $116/sqft).
Location & Neighborhood
The property is located at Kurashikishi Chuuou 1 Choume 24-7 (倉敷市中央1丁目24-7), Okayama, Japan. It is a 19-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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.
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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