Overview of Kurio Minamiurawa Ichiban Kan (クリオ南浦和壱番館)
Kurio Minamiurawa Ichiban Kan (クリオ南浦和壱番館) is a 32-year-old condominium located at Saitama Shi Minamiku Oota Kubo 5 Choume 18-20 (さいたま市南区太田窪5丁目18-20), Saitama, Japan. Built in 1994, it comprises 29 units in a Reinforced Concrete (RC) structure. It was constructed by Saitou Kougyou (斉藤工業).
Pricing & Floor Plans
Based on 11 past listings, prices have ranged from 1,580〜2,450万円 (approx. $105,333–$163,333 USD at ¥150/$).
Unit sizes range from 56.2–60.9 sqm (605–656 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥42.8万/sqm (approx. $2,851/sqm or $265/sqft).
Location & Neighborhood
The property is located at Saitama Shi Minamiku Oota Kubo 5 Choume 18-20 (さいたま市南区太田窪5丁目18-20), Saitama, Japan. It is a 13-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 32 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.
Analyze this property's fair price and negotiation room for free at RE:public.