Overview of Daiaparesu Jounan Kouen (ダイアパレス城南公園)
Daiaparesu Jounan Kouen (ダイアパレス城南公園) is a 28-year-old condominium located at Toyamashi Taroumaru Nishimachi 1 Choume 15-3 (富山市太郎丸西町1丁目15-3), Toyama, Japan. Built in 1998, it comprises 50 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kumagaigumi (熊谷組).
Pricing & Floor Plans
Based on 21 past listings, prices have ranged from 1,180〜2,380万円 (approx. $78,667–$158,667 USD at ¥150/$).
Unit sizes range from 64.0–85.8 sqm (689–924 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: ¥24.4万/sqm (approx. $1,628/sqm or $151/sqft).
Location & Neighborhood
The property is located at Toyamashi Taroumaru Nishimachi 1 Choume 15-3 (富山市太郎丸西町1丁目15-3), Toyama, Japan. It is a 12-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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 50 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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