Overview of Ekureeru Iwatsuki 1 Ban Kan (エクレール岩槻１番館)
Ekureeru Iwatsuki 1 Ban Kan (エクレール岩槻１番館) is a 36-year-old condominium located at Saitama Shi Iwatsuki Ku Namiki 2 Choume 3-1 (さいたま市岩槻区並木2丁目3-1), Saitama, Japan. Built in 1990, it comprises 456 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Fujita Kougyou , Shimizukensetsu (フジタ工業、 清水建設).
Pricing & Floor Plans
Based on 130 past listings, prices have ranged from 400〜2,580万円 (approx. $26,667–$172,000 USD at ¥150/$).
Unit sizes range from 64.6–114.4 sqm (695–1231 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), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥18.3万/sqm (approx. $1,221/sqm or $113/sqft).
Location & Neighborhood
The property is located at Saitama Shi Iwatsuki Ku Namiki 2 Choume 3-1 (さいたま市岩槻区並木2丁目3-1), Saitama, Japan. It is a 14-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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 456 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.
Analyze this property's fair price and negotiation room for free at RE:public.