Overview of Kurio Higashimurayama Ichiban Kan (クリオ東村山壱番館)
Kurio Higashimurayama Ichiban Kan (クリオ東村山壱番館) is a 32-year-old condominium located at Higashimurayama Shi Honchou 2 Choume 7-4 (東村山市本町2丁目7-4), Tokyo, Japan. Built in 1994, it comprises 20 units in a Reinforced Concrete (RC) structure. It was constructed by Seiken Kensetsu (生研建設).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 598〜3,698万円 (approx. $39,867–$246,533 USD at ¥150/$).
Unit sizes range from 37.5–59.1 sqm (404–636 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥52.8万/sqm (approx. $3,520/sqm or $327/sqft).
Location & Neighborhood
The property is located at Higashimurayama Shi Honchou 2 Choume 7-4 (東村山市本町2丁目7-4), Tokyo, Japan. It is a 4-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 32 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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