Overview of Ekureeru Daiyon Iwatsuki (エクレール第４岩槻)
Ekureeru Daiyon Iwatsuki (エクレール第４岩槻) is a 32-year-old condominium located at Saitama Shi Iwatsuki Ku Namiki 2 Choume 8-1 (さいたま市岩槻区並木2丁目8-1), Saitama, Japan. Built in 1994, it comprises 104 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Shimizukensetsu (清水建設).
Pricing & Floor Plans
Based on 76 past listings, prices have ranged from 680〜1,990万円 (approx. $45,333–$132,667 USD at ¥150/$).
Unit sizes range from 57.6–67.0 sqm (620–721 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥22.0万/sqm (approx. $1,469/sqm or $136/sqft).
Location & Neighborhood
The property is located at Saitama Shi Iwatsuki Ku Namiki 2 Choume 8-1 (さいたま市岩槻区並木2丁目8-1), Saitama, Japan. It is a 16-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 32 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 104 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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