Overview of Parerowaiyaru Suginami (パレロワイヤル杉並)
Parerowaiyaru Suginami (パレロワイヤル杉並) is a 42-year-old condominium located at Suginamiku Momoi 4 Choume 12-21 (杉並区桃井4丁目12-21), Tokyo, Japan. Built in 1984, it comprises 136 units in a Reinforced Concrete (RC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 31 past listings, prices have ranged from 2,480〜6,490万円 (approx. $165,333–$432,667 USD at ¥150/$).
Unit sizes range from 48.0–68.1 sqm (517–733 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥99.1万/sqm (approx. $6,605/sqm or $614/sqft).
Location & Neighborhood
The property is located at Suginamiku Momoi 4 Choume 12-21 (杉並区桃井4丁目12-21), Tokyo, Japan. It is a 15-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 42 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 136 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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