Overview of Daiaparesu Hakodate Nanbu Saka (ダイアパレス函館南部坂)
Daiaparesu Hakodate Nanbu Saka (ダイアパレス函館南部坂) is a 35-year-old condominium located at Hakodate Shi Suehirochou 5-7 (函館市末広町5-7), Hokkaido, Japan. Built in 1991, it comprises 68 units in a Reinforced Concrete (RC) structure. It was constructed by Katou Kumi Doken (加藤組土建).
Pricing & Floor Plans
Based on 71 past listings, prices have ranged from 140〜320万円 (approx. $9,333–$21,333 USD at ¥150/$).
Unit sizes range from 18.2–24.5 sqm (196–264 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥12.5万/sqm (approx. $836/sqm or $78/sqft).
Location & Neighborhood
The property is located at Hakodate Shi Suehirochou 5-7 (函館市末広町5-7), Hokkaido, 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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 68 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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