Overview of Daiaparesu Isesaki Daini (ダイアパレス伊勢崎第２)
Daiaparesu Isesaki Daini (ダイアパレス伊勢崎第２) is a 34-year-old condominium located at Isesaki Shi Shita Ueki Machi 772-39 (伊勢崎市下植木町772-39), Gunma, Japan. Built in 1992, it comprises 63 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kantou Kensetsu Kougyou (関東建設工業).
Pricing & Floor Plans
Based on 61 past listings, prices have ranged from 220〜699万円 (approx. $14,667–$46,600 USD at ¥150/$).
Unit sizes range from 50.6–67.1 sqm (545–722 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥8.1万/sqm (approx. $541/sqm or $50/sqft).
Location & Neighborhood
The property is located at Isesaki Shi Shita Ueki Machi 772-39 (伊勢崎市下植木町772-39), Gunma, Japan. It is a 15-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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 63 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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