Overview of Aasaa Shinguu Guranpateioiisutokooto Tou (アーサー新宮グランパティオイーストコート棟)
Aasaa Shinguu Guranpateioiisutokooto Tou (アーサー新宮グランパティオイーストコート棟) is a 29-year-old condominium located at Kasuya Gun Shinguu Machi Yuusu 5 Choume 12-1 (糟屋郡新宮町夜臼5丁目12-1), Fukuoka, Japan. Built in 1997, it comprises 98 units in a Reinforced Concrete (RC) structure. It was constructed by Fukuda Kumi , Toyosaka Kensetsu (福田組、 豊栄建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥36.0万/sqm (approx. $2,401/sqm or $223/sqft).
Location & Neighborhood
The property is located at Kasuya Gun Shinguu Machi Yuusu 5 Choume 12-1 (糟屋郡新宮町夜臼5丁目12-1), Fukuoka, Japan. It is a 11-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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 98 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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