Overview of Faasutotawaa Ootsu M A R Y (ファーストタワー大津ｍａｒｙ)
Faasutotawaa Ootsu M A R Y (ファーストタワー大津ｍａｒｙ) is a 24-year-old condominium located at Ootsushi Ouji Ga Oka 2 Choume 10-25 (大津市皇子が丘2丁目10-25), Shiga, Japan. Built in 2002, it comprises 587 units in a Reinforced Concrete (RC) structure. It was constructed by Fujita (フジタ).
Pricing & Floor Plans
Based on 210 past listings, prices have ranged from 1,730〜9,000万円 (approx. $115,333–$600,000 USD at ¥150/$).
Unit sizes range from 59.5–166.3 sqm (640–1790 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 5SLDK (5-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥47.5万/sqm (approx. $3,165/sqm or $294/sqft).
Location & Neighborhood
The property is located at Ootsushi Ouji Ga Oka 2 Choume 10-25 (大津市皇子が丘2丁目10-25), Shiga, Japan. It is a 1-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 24 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 587 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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