Overview of Daiaparesu Tsuruyama Dai (ダイアパレス鶴山台)
Daiaparesu Tsuruyama Dai (ダイアパレス鶴山台) is a 30-year-old condominium located at Izumi Shijou Machi 437-1 (和泉市上町437-1), Osaka, Japan. Built in 1996, it comprises 150 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Dai Matsu Kensetsu (大末建設).
Pricing & Floor Plans
Based on 70 past listings, prices have ranged from 750〜1,800万円 (approx. $50,000–$120,000 USD at ¥150/$).
Unit sizes range from 60.5–77.0 sqm (651–829 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥23.5万/sqm (approx. $1,565/sqm or $145/sqft).
Location & Neighborhood
The property is located at Izumi Shijou Machi 437-1 (和泉市上町437-1), Osaka, Japan. It is a 13-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 30 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 150 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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