Overview of Kasukabe Daiichi Haitsu (春日部第１ハイツ)
Kasukabe Daiichi Haitsu (春日部第１ハイツ) is a 37-year-old condominium located at Kasukabeshi Chuuou 5 Choume 8-8 (春日部市中央5丁目8-8), Saitama, Japan. Built in 1989, it comprises 32 units in a Reinforced Concrete (RC) structure. It was constructed by Kiuchi Kensetsu (木内建設).
Pricing & Floor Plans
Based on 33 past listings, prices have ranged from 920〜1,890万円 (approx. $61,333–$126,000 USD at ¥150/$).
Unit sizes range from 61.6–85.6 sqm (663–921 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥17.8万/sqm (approx. $1,188/sqm or $110/sqft).
Location & Neighborhood
The property is located at Kasukabeshi Chuuou 5 Choume 8-8 (春日部市中央5丁目8-8), 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 37 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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