Overview of Daiaparesu Higashikurume (ダイアパレス東久留米)
Daiaparesu Higashikurume (ダイアパレス東久留米) is a 29-year-old condominium located at Higashikurume Shi Honchou 3 Choume 1-23 (東久留米市本町3丁目1-23), Tokyo, Japan. Built in 1997, it comprises 121 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Yamato Kensetsu (大和建設).
Pricing & Floor Plans
Based on 52 past listings, prices have ranged from 2,480〜4,680万円 (approx. $165,333–$312,000 USD at ¥150/$).
Unit sizes range from 58.8–83.9 sqm (633–903 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), 5LDK (5-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥61.3万/sqm (approx. $4,088/sqm or $380/sqft).
Location & Neighborhood
The property is located at Higashikurume Shi Honchou 3 Choume 1-23 (東久留米市本町3丁目1-23), Tokyo, Japan. It is a 4-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 121 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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