Overview of Haishitei Bunkyou (ハイシティ文京)
Haishitei Bunkyou (ハイシティ文京) is a 39-year-old condominium located at Bunkyoukuhongou 3 Choume 23-20 (文京区本郷3丁目23-20), Tokyo, Japan. Built in 1987, it comprises 25 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Nishimatsu Kensetsu (西松建設).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 1,980〜12,000万円 (approx. $132,000–$800,000 USD at ¥150/$).
Unit sizes range from 23.2–134.3 sqm (250–1446 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 6LDK (6-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥136.1万/sqm (approx. $9,073/sqm or $843/sqft).
Location & Neighborhood
The property is located at Bunkyoukuhongou 3 Choume 23-20 (文京区本郷3丁目23-20), Tokyo, Japan. It is a 6-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 39 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.