Overview of Wakoore Higashimatsuyama (ワコーレ東松山)
Wakoore Higashimatsuyama (ワコーレ東松山) is a 38-year-old condominium located at Higashimatsuyama Shi Ocha Yamachou 16-1 (東松山市御茶山町16-1), Saitama, Japan. Built in 1988, it comprises 63 units in a Reinforced Concrete (RC) structure. It was constructed by Dai Matsu Purehabu (大末プレハブ).
Pricing & Floor Plans
Based on 34 past listings, prices have ranged from 550〜1,598万円 (approx. $36,667–$106,533 USD at ¥150/$).
Unit sizes range from 53.8–69.1 sqm (579–744 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥18.6万/sqm (approx. $1,241/sqm or $115/sqft).
Location & Neighborhood
The property is located at Higashimatsuyama Shi Ocha Yamachou 16-1 (東松山市御茶山町16-1), Saitama, Japan. It is a 12-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 38 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 63 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.
Analyze this property's fair price and negotiation room for free at RE:public.