Overview of Shiki Nyuutaun Chuuou No Mori Ni Bangai 7 Goutou (志木ニュータウン中央の森弐番街７号棟)
Shiki Nyuutaun Chuuou No Mori Ni Bangai 7 Goutou (志木ニュータウン中央の森弐番街７号棟) is a 42-year-old condominium located at Shiki Shi Kan 2 Choume 3-7 (志木市館2丁目3-7), Saitama, Japan. Built in 1984, it comprises 140 units in a Reinforced Concrete (RC) structure. It was constructed by Kashima Kensetsu (鹿島建設).
Pricing & Floor Plans
Based on 37 past listings, prices have ranged from 1,650〜3,080万円 (approx. $110,000–$205,333 USD at ¥150/$).
Unit sizes range from 69.0–116.6 sqm (743–1255 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 5LDK (5-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥23.2万/sqm (approx. $1,547/sqm or $144/sqft).
Location & Neighborhood
The property is located at Shiki Shi Kan 2 Choume 3-7 (志木市館2丁目3-7), Saitama, Japan. It is a 6-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 42 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 140 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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