Overview of Daiaparesuraivusuteeshon Shibata (ダイアパレスライヴステーション新発田)
Daiaparesuraivusuteeshon Shibata (ダイアパレスライヴステーション新発田) is a 34-year-old condominium located at Shibata Shi Yutakachou 2 Choume 10-23 (新発田市豊町2丁目10-23), Niigata, Japan. Built in 1992, it comprises 52 units in a Reinforced Concrete (RC) structure. It was constructed by Ishii Kumi , Uchiyama Kumi (石井組、 内山組).
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 325〜1,800万円 (approx. $21,667–$120,000 USD at ¥150/$).
Unit sizes range from 27.0–88.7 sqm (291–955 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1DK (1-bedroom w/ dining-kitchen).
Location & Neighborhood
The property is located at Shibata Shi Yutakachou 2 Choume 10-23 (新発田市豊町2丁目10-23), Niigata, Japan. It is a 3-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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 52 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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