Overview of Daiaparesu Marugame (ダイアパレス丸亀)
Daiaparesu Marugame (ダイアパレス丸亀) is a 35-year-old condominium located at Marugameshi Shioya Machi 5 Choume 4-3 (丸亀市塩屋町5丁目4-3), Kagawa, Japan. Built in 1991, it comprises 82 units in a Reinforced Concrete (RC) structure. It was constructed by Tada Kensetsu (多田建設).
Pricing & Floor Plans
Based on 105 past listings, prices have ranged from 195〜790万円 (approx. $13,000–$52,667 USD at ¥150/$).
Unit sizes range from 26.0–83.8 sqm (280–902 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥11.6万/sqm (approx. $775/sqm or $72/sqft).
Location & Neighborhood
The property is located at Marugameshi Shioya Machi 5 Choume 4-3 (丸亀市塩屋町5丁目4-3), Kagawa, 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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 82 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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