Overview of Shiiaihaitsu Wakou F Tou (シーアイハイツ和光Ｆ棟)
Shiiaihaitsu Wakou F Tou (シーアイハイツ和光Ｆ棟) is a 43-year-old condominium located at Wakoushi Honchou 31-3 (和光市本町31-3), Saitama, Japan. Built in 1983, it comprises 1616 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Taiseikensetsu , Toda Kensetsu , Hoka (大成建設、 戸田建設、 他).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥65.3万/sqm (approx. $4,354/sqm or $405/sqft).
Location & Neighborhood
The property is located at Wakoushi Honchou 31-3 (和光市本町31-3), 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 43 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 1616 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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