Overview of Daiaparesu Niihama Shigemoto Machi (ダイアパレス新居浜繁本町)
Daiaparesu Niihama Shigemoto Machi (ダイアパレス新居浜繁本町) is a 35-year-old condominium located at Niihama Shi Shigemoto Machi 9 (新居浜市繁本町9), Ehime, Japan. Built in 1991, it comprises 75 units in a Reinforced Concrete (RC) structure. It was constructed by Satou Kougyou Chuugoku Shiten ・ai Kenchiku Sekkei Koumu Tokoro (佐藤工業中国支店・アイ建築設計工務所).
Pricing & Floor Plans
Based on 35 past listings, prices have ranged from 515〜1,530万円 (approx. $34,333–$102,000 USD at ¥150/$).
Unit sizes range from 68.7–103.1 sqm (739–1110 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥10.4万/sqm (approx. $695/sqm or $65/sqft).
Location & Neighborhood
The property is located at Niihama Shi Shigemoto Machi 9 (新居浜市繁本町9), Ehime, Japan. It is a 40-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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 75 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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