Overview of Higashimatsuyama Manshon (東松山マンション)
Higashimatsuyama Manshon (東松山マンション) is a 45-year-old condominium located at Higashimatsuyama Shi Yakyuu Machi 1 Choume 16-3 (東松山市箭弓町1丁目16-3), Saitama, Japan. Built in 1981, it comprises 62 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Nissan Kensetsu (日産建設).
Pricing & Floor Plans
Based on 26 past listings, prices have ranged from 390〜1,399万円 (approx. $26,000–$93,267 USD at ¥150/$).
Unit sizes range from 41.2–54.2 sqm (443–583 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥13.1万/sqm (approx. $874/sqm or $81/sqft).
Location & Neighborhood
The property is located at Higashimatsuyama Shi Yakyuu Machi 1 Choume 16-3 (東松山市箭弓町1丁目16-3), Saitama, Japan. It is a 2-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 62 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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