Overview of Daiaparesubeishitei Asahimachi (ダイアパレスベイシティ旭町)
Daiaparesubeishitei Asahimachi (ダイアパレスベイシティ旭町) is a 35-year-old condominium located at Shiogama Shi Asahimachi 6-15 (塩竈市旭町6-15), Miyagi, Japan. Built in 1991, it comprises 57 units in a Reinforced Concrete (RC) structure. It was constructed by Taiboku Kensetsu (大木建設).
Pricing & Floor Plans
Based on 76 past listings, prices have ranged from 520〜1,600万円 (approx. $34,667–$106,667 USD at ¥150/$).
Unit sizes range from 47.7–69.0 sqm (513–743 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥21.4万/sqm (approx. $1,425/sqm or $132/sqft).
Location & Neighborhood
The property is located at Shiogama Shi Asahimachi 6-15 (塩竈市旭町6-15), Miyagi, Japan. It is a 6-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 35 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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