Overview of Daiaparesu Idai Minami (ダイアパレス医大南)
Daiaparesu Idai Minami (ダイアパレス医大南) is a 31-year-old condominium located at Hiroshima Shi Minamiku Deshio 1 Choume 14-5 (広島市南区出汐1丁目14-5), Hiroshima, Japan. Built in 1995, it comprises 27 units in a Reinforced Concrete (RC) structure. It was constructed by Kumagaigumi (熊谷組).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 1,480〜2,880万円 (approx. $98,667–$192,000 USD at ¥150/$).
Unit sizes range from 68.1–68.8 sqm (733–741 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥38.5万/sqm (approx. $2,565/sqm or $238/sqft).
Location & Neighborhood
The property is located at Hiroshima Shi Minamiku Deshio 1 Choume 14-5 (広島市南区出汐1丁目14-5), Hiroshima, 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 31 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.
Analyze this property's fair price and negotiation room for free at RE:public.