Overview of Daiaparesu Ootemachi (ダイアパレス大手町)
Daiaparesu Ootemachi (ダイアパレス大手町) is a 37-year-old condominium located at Shibata Shidai Te Machi 1 Choume 1-15 (新発田市大手町1丁目1-15), Niigata, Japan. Built in 1989, it comprises 80 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Yamato Kensetsu , Uchiyama Kumi (大和建設、 内山組).
Pricing & Floor Plans
Based on 32 past listings, prices have ranged from 250〜980万円 (approx. $16,667–$65,333 USD at ¥150/$).
Unit sizes range from 29.6–85.1 sqm (319–916 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Shibata Shidai Te Machi 1 Choume 1-15 (新発田市大手町1丁目1-15), Niigata, Japan. It is a 15-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 37 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 80 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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