Overview of Ekuseru Oomiya Higashi 2 Ban Kan (エクセル大宮東２番館)
Ekuseru Oomiya Higashi 2 Ban Kan (エクセル大宮東２番館) is a 29-year-old condominium located at Saitama Shi Minuma Ku Hasunuma 574-1 (さいたま市見沼区蓮沼574-1), Saitama, Japan. Built in 1997, it comprises 85 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kokune Kensetsu (古久根建設).
Pricing & Floor Plans
Based on 35 past listings, prices have ranged from 1,280〜3,180万円 (approx. $85,333–$212,000 USD at ¥150/$).
Unit sizes range from 58.9–97.0 sqm (634–1044 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥24.3万/sqm (approx. $1,623/sqm or $151/sqft).
Location & Neighborhood
The property is located at Saitama Shi Minuma Ku Hasunuma 574-1 (さいたま市見沼区蓮沼574-1), Saitama, Japan. It is a 13-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 85 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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