Overview of Pasutoraare Tenri (パストラーレ天理)
Pasutoraare Tenri (パストラーレ天理) is a 31-year-old condominium located at Tenrishi Yubi Yanagimachi 223 (天理市指柳町223), Nara, Japan. Built in 1995, it comprises 313 units in a Reinforced Concrete (RC) structure. It was constructed by Arai Kumi (新井組).
Pricing & Floor Plans
Based on 85 past listings, prices have ranged from 630〜1,990万円 (approx. $42,000–$132,667 USD at ¥150/$).
Unit sizes range from 64.7–78.0 sqm (696–840 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: ¥22.2万/sqm (approx. $1,483/sqm or $138/sqft).
Location & Neighborhood
The property is located at Tenrishi Yubi Yanagimachi 223 (天理市指柳町223), Nara, Japan. It is a 8-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 313 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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