Overview of Paakushitei Suginami (パークシティ杉並)
Paakushitei Suginami (パークシティ杉並) is a 26-year-old condominium located at Suginamiku Wada 2 Choume 26-3 (杉並区和田2丁目26-3), Tokyo, Japan. Built in 2000, it comprises 243 units in a Reinforced Concrete (RC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥119.7万/sqm (approx. $7,977/sqm or $741/sqft).
Location & Neighborhood
The property is located at Suginamiku Wada 2 Choume 26-3 (杉並区和田2丁目26-3), Tokyo, 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 26 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 243 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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