Overview of Nisshin Paresuteeji Fukaya (日神パレステージ深谷)
Nisshin Paresuteeji Fukaya (日神パレステージ深谷) is a 36-year-old condominium located at Fukayashi Tadokoro Machi 21-12 (深谷市田所町21-12), Saitama, Japan. Built in 1990, it comprises 25 units in a Reinforced Concrete (RC) structure. It was constructed by Toukyuu Kou Ken (東急工建).
Pricing & Floor Plans
Based on 30 past listings, prices have ranged from 270〜1,500万円 (approx. $18,000–$100,000 USD at ¥150/$).
Unit sizes range from 65.0–70.8 sqm (700–762 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥8.0万/sqm (approx. $535/sqm or $50/sqft).
Location & Neighborhood
The property is located at Fukayashi Tadokoro Machi 21-12 (深谷市田所町21-12), Saitama, Japan. It is a 7-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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
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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