Overview of Neohaitsu Fukaya (ネオハイツ深谷)
Neohaitsu Fukaya (ネオハイツ深谷) is a 35-year-old condominium located at Fukayashi Nishijima Machi 1 Choume 1-19 (深谷市西島町1丁目1-19), Saitama, Japan. Built in 1991, it comprises 191 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Asanuma Kumi (浅沼組).
Pricing & Floor Plans
Based on 61 past listings, prices have ranged from 680〜2,000万円 (approx. $45,333–$133,333 USD at ¥150/$).
Unit sizes range from 58.5–104.2 sqm (630–1122 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥22.1万/sqm (approx. $1,477/sqm or $137/sqft).
Location & Neighborhood
The property is located at Fukayashi Nishijima Machi 1 Choume 1-19 (深谷市西島町1丁目1-19), Saitama, Japan. It is a 4-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 191 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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