Overview of Rekuseru Wakou (レクセル和光)
Rekuseru Wakou (レクセル和光) is a 31-year-old condominium located at Wakoushi Minami 1 Choume 8-55 (和光市南1丁目8-55), Saitama, Japan. Built in 1995, it comprises 95 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Andou Kensetsu (安藤建設).
Pricing & Floor Plans
Based on 46 past listings, prices have ranged from 1,390〜2,880万円 (approx. $92,667–$192,000 USD at ¥150/$).
Unit sizes range from 52.5–75.0 sqm (565–807 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥41.6万/sqm (approx. $2,771/sqm or $257/sqft).
Location & Neighborhood
The property is located at Wakoushi Minami 1 Choume 8-55 (和光市南1丁目8-55), Saitama, Japan. It is a 21-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 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 95 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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