Overview of Daiaparesu Nisshin (ダイアパレス日進)
Daiaparesu Nisshin (ダイアパレス日進) is a 32-year-old condominium located at Nisshin Shi Sakae 5 Choume 305 (日進市栄5丁目305), Aichi, Japan. Built in 1994, it comprises 191 units in a Reinforced Concrete (RC) structure. It was constructed by Dainippon Doboku (大日本土木).
Pricing & Floor Plans
Based on 116 past listings, prices have ranged from 950〜2,798万円 (approx. $63,333–$186,533 USD at ¥150/$).
Unit sizes range from 52.3–78.1 sqm (563–841 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), 4LDK (4-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥31.2万/sqm (approx. $2,082/sqm or $193/sqft).
Location & Neighborhood
The property is located at Nisshin Shi Sakae 5 Choume 305 (日進市栄5丁目305), Aichi, Japan. It is a 8-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 32 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 191 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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