Overview of Kurea Musashikoganei (クレア武蔵小金井)
Kurea Musashikoganei (クレア武蔵小金井) is a 27-year-old condominium located at Koganeishi Honchou 5 Choume 38-34 (小金井市本町5丁目38-34), Tokyo, Japan. Built in 1999, it comprises 59 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Mitsubishi Kensetsu (三菱建設).
Pricing & Floor Plans
Based on 45 past listings, prices have ranged from 3,080〜6,700万円 (approx. $205,333–$446,667 USD at ¥150/$).
Unit sizes range from 67.2–73.2 sqm (723–788 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).
Estimated price per sqm: ¥96.0万/sqm (approx. $6,401/sqm or $595/sqft).
Location & Neighborhood
The property is located at Koganeishi Honchou 5 Choume 38-34 (小金井市本町5丁目38-34), 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 27 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 59 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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