Overview of Ruminasu Yashio Ichiban Kan (ルミナス八潮壱番館)
Ruminasu Yashio Ichiban Kan (ルミナス八潮壱番館) is a 29-year-old condominium located at Yashio Shi Midorimachi 2 Choume 20-1 (八潮市緑町2丁目20-1), Saitama, Japan. Built in 1997, it comprises 73 units in a Reinforced Concrete (RC) structure. It was constructed by Hase Kou Kooporeeshon・ Toukaikougyou (長谷工コーポレーション・東海興業).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥29.4万/sqm (approx. $1,959/sqm or $182/sqft).
Location & Neighborhood
The property is located at Yashio Shi Midorimachi 2 Choume 20-1 (八潮市緑町2丁目20-1), Saitama, Japan. It is a 10-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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 73 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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