Overview of Suginami Wada Haimu (杉並和田ハイム)
Suginami Wada Haimu (杉並和田ハイム) is a 45-year-old condominium located at Suginamiku Wada 1 Choume 13-19 (杉並区和田1丁目13-19), Tokyo, Japan. Built in 1981, it comprises 59 units in a Reinforced Concrete (RC) structure. It was constructed by Kashima Kensetsu , Tobishima Kensetsu (鹿島建設、 飛島建設).
Pricing & Floor Plans
Based on 36 past listings, prices have ranged from 4,280〜12,900万円 (approx. $285,333–$860,000 USD at ¥150/$).
Unit sizes range from 83.9–149.6 sqm (903–1610 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥82.7万/sqm (approx. $5,512/sqm or $512/sqft).
Location & Neighborhood
The property is located at Suginamiku Wada 1 Choume 13-19 (杉並区和田1丁目13-19), 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 45 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 59 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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