Overview of Daiaparesu Sumida Kasui Akebi Ri (ダイアパレス墨田花水木通り)
Daiaparesu Sumida Kasui Akebi Ri (ダイアパレス墨田花水木通り) is a 28-year-old condominium located at Sumidaku Yahiro 4 Choume 50-6 (墨田区八広4丁目50-6), Tokyo, Japan. Built in 1998, it comprises 26 units in a Reinforced Concrete (RC) structure. It was constructed by Tekken Kensetsu (鉄建建設).
Pricing & Floor Plans
Based on 36 past listings, prices have ranged from 2,390〜5,680万円 (approx. $159,333–$378,667 USD at ¥150/$).
Unit sizes range from 65.9–79.8 sqm (709–859 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥76.6万/sqm (approx. $5,105/sqm or $474/sqft).
Location & Neighborhood
The property is located at Sumidaku Yahiro 4 Choume 50-6 (墨田区八広4丁目50-6), Tokyo, Japan. It is a 10-minute walk to the nearest station. This is considered good station access by Japanese standards.
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.
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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