Overview of Paresu Daiyon Moriyama (パレス第４守山)
Paresu Daiyon Moriyama (パレス第４守山) is a 45-year-old condominium located at Nagoyashi Moriyamaku Naka Shidami 2721-1 (名古屋市守山区中志段味2721-1), Aichi, Japan. Built in 1981, it comprises 20 units in a Reinforced Concrete (RC) structure. It was constructed by Shouwa Doken (昭和土建).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥4.0万/sqm (approx. $264/sqm or $25/sqft).
Location & Neighborhood
The property is located at Nagoyashi Moriyamaku Naka Shidami 2721-1 (名古屋市守山区中志段味2721-1), Aichi, Japan. It is a 34-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 45 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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