Overview of Foresuteia Ageo Sakaemachi (フォレスティア上尾栄町)
Foresuteia Ageo Sakaemachi (フォレスティア上尾栄町) is a 29-year-old condominium located at Ageo Shi Sakaemachi 11-12 (上尾市栄町11-12), Saitama, Japan. Built in 1997, it comprises 77 units in a Reinforced Concrete (RC) structure. It was constructed by Saitama Kenkou (埼玉建興).
Pricing & Floor Plans
Based on 34 past listings, prices have ranged from 1,350〜3,580万円 (approx. $90,000–$238,667 USD at ¥150/$).
Unit sizes range from 77.8–105.8 sqm (837–1139 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 5LDK (5-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥29.0万/sqm (approx. $1,936/sqm or $180/sqft).
Location & Neighborhood
The property is located at Ageo Shi Sakaemachi 11-12 (上尾市栄町11-12), Saitama, Japan. It is a 25-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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 77 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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