Overview of Naisuaaban Shiki (ナイスアーバン志木)
Naisuaaban Shiki (ナイスアーバン志木) is a 32-year-old condominium located at Shiki Shi Kashiwamachi 1 Choume 8-24 (志木市柏町1丁目8-24), Saitama, Japan. Built in 1994, it comprises 108 units in a Reinforced Concrete (RC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 56 past listings, prices have ranged from 1,380〜3,499万円 (approx. $92,000–$233,267 USD at ¥150/$).
Unit sizes range from 56.0–73.0 sqm (603–786 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥40.7万/sqm (approx. $2,714/sqm or $252/sqft).
Location & Neighborhood
The property is located at Shiki Shi Kashiwamachi 1 Choume 8-24 (志木市柏町1丁目8-24), 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 108 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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