Overview of Aasaa Kyoumachi Paakushitei (アーサー京町パークシティ)
Aasaa Kyoumachi Paakushitei (アーサー京町パークシティ) is a 31-year-old condominium located at Kumamotoshi Nishiku Ikeda 1 Choume 35-3 (熊本市西区池田1丁目35-3), Kumamoto, Japan. Built in 1995, it comprises 133 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Arai Kumi (新井組).
Pricing & Floor Plans
Based on 102 past listings, prices have ranged from 740〜1,780万円 (approx. $49,333–$118,667 USD at ¥150/$).
Unit sizes range from 59.4–90.0 sqm (639–969 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), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥13.3万/sqm (approx. $885/sqm or $82/sqft).
Location & Neighborhood
The property is located at Kumamotoshi Nishiku Ikeda 1 Choume 35-3 (熊本市西区池田1丁目35-3), Kumamoto, Japan. It is a 6-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 133 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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