Overview of Rekuserumanshon Souka Daini (レクセルマンション草加第２)
Rekuserumanshon Souka Daini (レクセルマンション草加第２) is a 28-year-old condominium located at Soukashi Chuuou 2 Choume 15-32 (草加市中央2丁目15-32), Saitama, Japan. Built in 1998, it comprises 75 units in a Reinforced Concrete (RC) structure. It was constructed by Toda Kensetsu , Toure Kensetsu (戸田建設、 東レ建設).
Pricing & Floor Plans
Based on 41 past listings, prices have ranged from 1,880〜4,280万円 (approx. $125,333–$285,333 USD at ¥150/$).
Unit sizes range from 68.1–82.8 sqm (733–891 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥46.8万/sqm (approx. $3,120/sqm or $290/sqft).
Location & Neighborhood
The property is located at Soukashi Chuuou 2 Choume 15-32 (草加市中央2丁目15-32), Saitama, Japan. It is a 9-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 75 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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