Overview of Paresu Daini Shippou (パレス第２七宝)
Paresu Daini Shippou (パレス第２七宝) is a 44-year-old condominium located at Ama Shi Shippou Machi Katsura 1677-3 (あま市七宝町桂1677-3), Aichi, Japan. Built in 1982, it comprises 42 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Ooi Kensetsu (大井建設).
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 390〜980万円 (approx. $26,000–$65,333 USD at ¥150/$).
Unit sizes range from 64.0–74.6 sqm (689–803 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥10.2万/sqm (approx. $680/sqm or $63/sqft).
Location & Neighborhood
The property is located at Ama Shi Shippou Machi Katsura 1677-3 (あま市七宝町桂1677-3), Aichi, Japan. It is a 47-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 44 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.
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