Overview of Koopu Nomura Minamiurawa 61 (コープ野村南浦和61)
Koopu Nomura Minamiurawa 61 (コープ野村南浦和61) is a 40-year-old condominium located at Saitama Shi Minamiku Minamiurawa 2 Choume 41-15 (さいたま市南区南浦和2丁目41-15), Saitama, Japan. Built in 1986, it comprises 61 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toukyuukensetsu (東急建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥72.5万/sqm (approx. $4,835/sqm or $449/sqft).
Location & Neighborhood
The property is located at Saitama Shi Minamiku Minamiurawa 2 Choume 41-15 (さいたま市南区南浦和2丁目41-15), Saitama, 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 40 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 61 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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