Overview of Daiaparesu Aoyama Saito (ダイアパレス青山彩都)
Daiaparesu Aoyama Saito (ダイアパレス青山彩都) is a 23-year-old condominium located at Niigatashi Nishiku Higashiaoyama 1 Choume 25-1 (新潟市西区東青山1丁目25-1), Niigata, Japan. Built in 2003, it comprises 57 units in a Reinforced Concrete (RC) structure. It was constructed by Hirose (廣瀬).
Pricing & Floor Plans
Based on 26 past listings, prices have ranged from 1,350〜2,790万円 (approx. $90,000–$186,000 USD at ¥150/$).
Unit sizes range from 56.4–90.4 sqm (607–973 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥25.1万/sqm (approx. $1,671/sqm or $155/sqft).
Location & Neighborhood
The property is located at Niigatashi Nishiku Higashiaoyama 1 Choume 25-1 (新潟市西区東青山1丁目25-1), Niigata, 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 23 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 57 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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