Overview of Gureeshiahiruzu Hachiouji Minami No Shitei (グレーシアヒルズ八王子みなみ野シティ)
Gureeshiahiruzu Hachiouji Minami No Shitei (グレーシアヒルズ八王子みなみ野シティ) is a 24-year-old condominium located at Hachioujishi Minami No 5 Choume 2-3 (八王子市みなみ野5丁目2-3), Tokyo, Japan. Built in 2002, it comprises 67 units in a Reinforced Concrete (RC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 39 past listings, prices have ranged from 2,380〜5,280万円 (approx. $158,667–$352,000 USD at ¥150/$).
Unit sizes range from 80.2–126.5 sqm (863–1362 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 5LDK (5-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥32.5万/sqm (approx. $2,167/sqm or $201/sqft).
Location & Neighborhood
The property is located at Hachioujishi Minami No 5 Choume 2-3 (八王子市みなみ野5丁目2-3), Tokyo, Japan. It is a 11-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 24 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 67 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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