Overview of Touken Nyuuhaitsu Hanakoganei (東建ニューハイツ花小金井)
Touken Nyuuhaitsu Hanakoganei (東建ニューハイツ花小金井) is a 35-year-old condominium located at Kodairashi Tenjin Machi 4 Choume 17-10 (小平市天神町4丁目17-10), Tokyo, Japan. Built in 1991, it comprises 115 units in a Reinforced Concrete (RC) structure. It was constructed by Taisei Purehabu (大成プレハブ).
Pricing & Floor Plans
Based on 51 past listings, prices have ranged from 1,570〜2,999万円 (approx. $104,667–$199,933 USD at ¥150/$).
Unit sizes range from 67.9–105.6 sqm (731–1137 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥38.0万/sqm (approx. $2,534/sqm or $235/sqft).
Location & Neighborhood
The property is located at Kodairashi Tenjin Machi 4 Choume 17-10 (小平市天神町4丁目17-10), Tokyo, Japan. It is a 19-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.
Scale advantage: With 115 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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