Overview of Daiaparesu Kariya (ダイアパレス刈谷)
Daiaparesu Kariya (ダイアパレス刈谷) is a 29-year-old condominium located at Kariyashi Maruta Machi 5 Choume 11 (刈谷市丸田町5丁目11), Aichi, Japan. Built in 1997, it comprises 44 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Aishin Kaihatsu (アイシン開発).
Pricing & Floor Plans
Based on 32 past listings, prices have ranged from 1,280〜2,698万円 (approx. $85,333–$179,867 USD at ¥150/$).
Unit sizes range from 71.7–87.6 sqm (772–943 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥29.0万/sqm (approx. $1,933/sqm or $180/sqft).
Location & Neighborhood
The property is located at Kariyashi Maruta Machi 5 Choume 11 (刈谷市丸田町5丁目11), Aichi, Japan. It is a 19-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 29 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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