Overview of Rekuserupuraza Fussa (レクセルプラザ福生)
Rekuserupuraza Fussa (レクセルプラザ福生) is a 29-year-old condominium located at Fussashi Higashichou 2-3 (福生市東町2-3), Tokyo, Japan. Built in 1997, it comprises 43 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Asano Kouji (浅野工事).
Pricing & Floor Plans
Based on 33 past listings, prices have ranged from 1,750〜3,780万円 (approx. $116,667–$252,000 USD at ¥150/$).
Unit sizes range from 57.3–77.6 sqm (617–835 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), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥43.7万/sqm (approx. $2,913/sqm or $271/sqft).
Location & Neighborhood
The property is located at Fussashi Higashichou 2-3 (福生市東町2-3), Tokyo, Japan. It is a 1-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 29 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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