Overview of Paarumoa Urayasu (パールモア浦安)
Paarumoa Urayasu (パールモア浦安) is a 30-year-old condominium located at Urayasushi Toudai Shima 3 Choume 16-13 (浦安市当代島3丁目16-13), Chiba, Japan. Built in 1996, it comprises 35 units in a Reinforced Concrete (RC) structure. It was constructed by Shiroishi Kensetsu (白石建設).
Pricing & Floor Plans
Based on 38 past listings, prices have ranged from 2,090〜4,499万円 (approx. $139,333–$299,933 USD at ¥150/$).
Unit sizes range from 56.1–65.6 sqm (604–706 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: ¥62.9万/sqm (approx. $4,193/sqm or $390/sqft).
Location & Neighborhood
The property is located at Urayasushi Toudai Shima 3 Choume 16-13 (浦安市当代島3丁目16-13), Chiba, Japan. It is a 12-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 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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