Overview of Daiaparesu Kasui Akebi Ri Higashikan (ダイアパレス花水木通り東館)
Daiaparesu Kasui Akebi Ri Higashikan (ダイアパレス花水木通り東館) is a 27-year-old condominium located at Nagoyashi Nakagawa Ku Shinke 1 Choume 2903 (名古屋市中川区新家1丁目2903), Aichi, Japan. Built in 1999, it comprises 48 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Nishimatsu Kensetsu (西松建設).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 1,040〜2,080万円 (approx. $69,333–$138,667 USD at ¥150/$).
Unit sizes range from 65.2–80.5 sqm (702–866 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥20.1万/sqm (approx. $1,338/sqm or $124/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nakagawa Ku Shinke 1 Choume 2903 (名古屋市中川区新家1丁目2903), Aichi, Japan. It is a 32-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 27 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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