Overview of Rune Higashimatsuyama (ルネ東松山)
Rune Higashimatsuyama (ルネ東松山) is a 34-year-old condominium located at Higashimatsuyama Shi Saiwaichou 15-35 (東松山市幸町15-35), Saitama, Japan. Built in 1992, it comprises 83 units in a Reinforced Concrete (RC) structure. It was constructed by Oono Koumu Tokoro , Hase Kou Kooporeeshon (大野工務所、 長谷工コーポレーション).
Pricing & Floor Plans
Based on 51 past listings, prices have ranged from 880〜2,600万円 (approx. $58,667–$173,333 USD at ¥150/$).
Unit sizes range from 66.5–97.6 sqm (716–1051 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥18.2万/sqm (approx. $1,215/sqm or $113/sqft).
Location & Neighborhood
The property is located at Higashimatsuyama Shi Saiwaichou 15-35 (東松山市幸町15-35), Saitama, Japan. It is a 9-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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 83 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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