Overview of Aasaa Shinguu Paakushitei (アーサー新宮パークシティ)
Aasaa Shinguu Paakushitei (アーサー新宮パークシティ) is a 31-year-old condominium located at Kasuya Gun Shinguu Machi Misaki 2 Choume 20-1 (糟屋郡新宮町美咲2丁目20-1), Fukuoka, Japan. Built in 1995, it comprises 113 units in a Reinforced Concrete (RC) structure. It was constructed by Fukuda Kumi (福田組).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥36.5万/sqm (approx. $2,434/sqm or $226/sqft).
Location & Neighborhood
The property is located at Kasuya Gun Shinguu Machi Misaki 2 Choume 20-1 (糟屋郡新宮町美咲2丁目20-1), Fukuoka, 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 113 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.
Analyze this property's fair price and negotiation room for free at RE:public.