Overview of Daiaparesu Nishi Tenma (ダイアパレス西天満)
Daiaparesu Nishi Tenma (ダイアパレス西天満) is a 44-year-old condominium located at Oosakashi Kitaku Nishi Tenma 5 Choume 9-16 (大阪市北区西天満5丁目9-16), Osaka, Japan. Built in 1982, it comprises 38 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Tekken Kensetsu (鉄建建設).
Pricing & Floor Plans
Based on 21 past listings, prices have ranged from 790〜2,480万円 (approx. $52,667–$165,333 USD at ¥150/$).
Unit sizes range from 33.4–77.6 sqm (360–835 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), 1R (Studio), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥50.7万/sqm (approx. $3,379/sqm or $314/sqft).
Location & Neighborhood
The property is located at Oosakashi Kitaku Nishi Tenma 5 Choume 9-16 (大阪市北区西天満5丁目9-16), Osaka, Japan. It is a 5-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 44 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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