Overview of Nyuuoriento Koganei (ニューオリエント小金井)
Nyuuoriento Koganei (ニューオリエント小金井) is a 35-year-old condominium located at Koganeishi Nakamachi 2 Choume 7-1 (小金井市中町2丁目7-1), Tokyo, Japan. Built in 1991, it comprises 30 units in a Reinforced Concrete (RC) structure. It was constructed by Kanda Kumi (神田組).
Pricing & Floor Plans
Based on 39 past listings, prices have ranged from 350〜700万円 (approx. $23,333–$46,667 USD at ¥150/$).
Unit sizes range from 12.6–13.8 sqm (136–149 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1R (Studio).
Estimated price per sqm: ¥36.9万/sqm (approx. $2,457/sqm or $228/sqft).
Location & Neighborhood
The property is located at Koganeishi Nakamachi 2 Choume 7-1 (小金井市中町2丁目7-1), Tokyo, Japan. It is a 14-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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