Overview of Parashio Tokoname (パラシオ常滑)
Parashio Tokoname (パラシオ常滑) is a 24-year-old condominium located at Tokoname Shi Shinkai Machi 2 Choume 1 (常滑市新開町2丁目1), Aichi, Japan. Built in 2002, it comprises 40 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kashima Kensetsu (鹿島建設).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 1,180〜2,280万円 (approx. $78,667–$152,000 USD at ¥150/$).
Unit sizes range from 73.2–92.4 sqm (788–995 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Tokoname Shi Shinkai Machi 2 Choume 1 (常滑市新開町2丁目1), Aichi, Japan. It is a 7-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 24 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
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.