Overview of Kyouritsu Riraiansu Hakone Ke Saki (共立リライアンス箱根ヶ崎)
Kyouritsu Riraiansu Hakone Ke Saki (共立リライアンス箱根ヶ崎) is a 37-year-old condominium located at Nishitama Gun Mizuho Machi Hakone Ke Saki Higashi Matsubara 8-13 (西多摩郡瑞穂町箱根ケ崎東松原8-13), Tokyo, Japan. Built in 1989, it comprises 30 units in a Reinforced Concrete (RC) structure. It was constructed by Hazamagumi (間組).
Pricing & Floor Plans
Based on 19 past listings, prices have ranged from 395〜690万円 (approx. $26,333–$46,000 USD at ¥150/$).
Unit sizes range from 36.4–42.8 sqm (392–461 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen).
Location & Neighborhood
The property is located at Nishitama Gun Mizuho Machi Hakone Ke Saki Higashi Matsubara 8-13 (西多摩郡瑞穂町箱根ケ崎東松原8-13), 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 37 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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