Overview of Nishi Hachiouji Paakuhoomuzu (西八王子パークホームズ)
Nishi Hachiouji Paakuhoomuzu (西八王子パークホームズ) is a 36-year-old condominium located at Hachioujishi Sennin Machi 3 Choume 10-12 (八王子市千人町3丁目10-12), Tokyo, Japan. Built in 1990, it comprises 37 units in a Reinforced Concrete (RC) structure. It was constructed by Kounoike Kumi (鴻池組).
Pricing & Floor Plans
Based on 29 past listings, prices have ranged from 1,700〜3,200万円 (approx. $113,333–$213,333 USD at ¥150/$).
Unit sizes range from 72.2–87.9 sqm (777–946 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥34.9万/sqm (approx. $2,327/sqm or $216/sqft).
Location & Neighborhood
The property is located at Hachioujishi Sennin Machi 3 Choume 10-12 (八王子市千人町3丁目10-12), Tokyo, Japan. It is a 10-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 36 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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