Overview of Kyouritsu Riraiansu Oume 1 (共立リライアンス青梅１)
Kyouritsu Riraiansu Oume 1 (共立リライアンス青梅１) is a 36-year-old condominium located at Oumeshi Suminoe Machi 61-1 (青梅市住江町61-1), Tokyo, Japan. Built in 1990, it comprises 54 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Tanaka Kensetsu (田中建設).
Pricing & Floor Plans
Based on 34 past listings, prices have ranged from 320〜1,490万円 (approx. $21,333–$99,333 USD at ¥150/$).
Unit sizes range from 32.0–60.7 sqm (344–653 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SDK (1-bedroom w/ dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥19.6万/sqm (approx. $1,310/sqm or $122/sqft).
Location & Neighborhood
The property is located at Oumeshi Suminoe Machi 61-1 (青梅市住江町61-1), Tokyo, Japan. It is a 3-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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 54 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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