Overview of Shiteitawaa Ikebukuro (シティタワー池袋)
Shiteitawaa Ikebukuro (シティタワー池袋) is a 23-year-old condominium located at Toyoshima Ku Higashiikebukuro 2 Choume 38-4 (豊島区東池袋2丁目38-4), Tokyo, Japan. Built in 2003, it comprises 217 units in a Reinforced Concrete (RC) structure. It was constructed by Taiseikensetsu (大成建設).
Pricing & Floor Plans
Based on 243 past listings, prices have ranged from 1,780〜17,480万円 (approx. $118,667–$1,165,333 USD at ¥150/$).
Unit sizes range from 24.7–100.0 sqm (266–1076 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 1SK (1-bedroom w/ kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen).
Estimated price per sqm: ¥189.8万/sqm (approx. $12,653/sqm or $1,175/sqft).
Location & Neighborhood
The property is located at Toyoshima Ku Higashiikebukuro 2 Choume 38-4 (豊島区東池袋2丁目38-4), Tokyo, 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 23 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 217 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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