Overview of Reerushitei Hachiouji (レールシティ八王子)
Reerushitei Hachiouji (レールシティ八王子) is a 30-year-old condominium located at Hachioujishi Teramachi 62-6 (八王子市寺町62-6), Tokyo, Japan. Built in 1996, it comprises 107 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Tobishima Kensetsu (飛島建設).
Pricing & Floor Plans
Based on 53 past listings, prices have ranged from 2,180〜4,780万円 (approx. $145,333–$318,667 USD at ¥150/$).
Unit sizes range from 62.0–78.1 sqm (667–841 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥68.4万/sqm (approx. $4,559/sqm or $424/sqft).
Location & Neighborhood
The property is located at Hachioujishi Teramachi 62-6 (八王子市寺町62-6), Tokyo, Japan. It is a 5-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 30 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 107 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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