Overview of Daiaparesu Chiryuu (ダイアパレス知立)
Daiaparesu Chiryuu (ダイアパレス知立) is a 36-year-old condominium located at Chiryuushi Nanyou 1 Choume 233 (知立市南陽1丁目233), Aichi, Japan. Built in 1990, it comprises 114 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Dainippon Doboku (大日本土木).
Pricing & Floor Plans
Based on 30 past listings, prices have ranged from 1,150〜2,690万円 (approx. $76,667–$179,333 USD at ¥150/$).
Unit sizes range from 64.6–90.6 sqm (695–975 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥28.5万/sqm (approx. $1,901/sqm or $177/sqft).
Location & Neighborhood
The property is located at Chiryuushi Nanyou 1 Choume 233 (知立市南陽1丁目233), Aichi, Japan. It is a 3-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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 114 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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