Overview of Seishin Puraza (清新プラザ)
Seishin Puraza (清新プラザ) is a 43-year-old condominium located at Edogawaku Seishin Machi 1 Choume 3-3 ~ 4 (江戸川区清新町1丁目3-3〜4), Tokyo, Japan. Built in 1983, it comprises 198 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Seibukensetsu (西武建設).
Pricing & Floor Plans
Based on 36 past listings, prices have ranged from 2,390〜6,780万円 (approx. $159,333–$452,000 USD at ¥150/$).
Unit sizes range from 67.6–109.5 sqm (728–1179 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥55.1万/sqm (approx. $3,672/sqm or $341/sqft).
Location & Neighborhood
The property is located at Edogawaku Seishin Machi 1 Choume 3-3 ~ 4 (江戸川区清新町1丁目3-3〜4), Tokyo, Japan. It is a 8-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 43 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 198 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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