Overview of Rejidensu Shiki (レジデンス志木)
Rejidensu Shiki (レジデンス志木) is a 35-year-old condominium located at Shiki Shi Honchou 4 Choume 6-4 (志木市本町4丁目6-4), Saitama, Japan. Built in 1991, it comprises 12 units in a Reinforced Concrete (RC) structure. It was constructed by Kyoudou Kensetsu (協同建設).
Pricing & Floor Plans
Based on 32 past listings, prices have ranged from 1,100〜2,790万円 (approx. $73,333–$186,000 USD at ¥150/$).
Unit sizes range from 52.1–78.0 sqm (561–840 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 2DK (2-bedroom w/ dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥32.4万/sqm (approx. $2,159/sqm or $201/sqft).
Location & Neighborhood
The property is located at Shiki Shi Honchou 4 Choume 6-4 (志木市本町4丁目6-4), 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 35 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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