Overview of Paakushitei Uji Byoudouin Mae (パークシティ宇治平等院前)
Paakushitei Uji Byoudouin Mae (パークシティ宇治平等院前) is a 29-year-old condominium located at Ujishi Uji 169 (宇治市宇治169), Kyoto, Japan. Built in 1997, it comprises 95 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hazamagumi (間組).
Pricing & Floor Plans
Based on 21 past listings, prices have ranged from 1,780〜4,280万円 (approx. $118,667–$285,333 USD at ¥150/$).
Unit sizes range from 69.0–74.8 sqm (743–805 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).
Estimated price per sqm: ¥54.8万/sqm (approx. $3,656/sqm or $340/sqft).
Location & Neighborhood
The property is located at Ujishi Uji 169 (宇治市宇治169), Kyoto, Japan. It is a 3-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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 95 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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