Overview of Nisshin Paresuteeji Tachikawa (日神パレステージ立川)
Nisshin Paresuteeji Tachikawa (日神パレステージ立川) is a 28-year-old condominium located at Tachikawashi Nishikichou 1 Choume 14-5 (立川市錦町1丁目14-5), Tokyo, Japan. Built in 1998, it comprises 45 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Shinnihon Kensetsu (新日本建設).
Pricing & Floor Plans
Based on 37 past listings, prices have ranged from 2,300〜5,450万円 (approx. $153,333–$363,333 USD at ¥150/$).
Unit sizes range from 59.2–64.7 sqm (637–696 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥81.0万/sqm (approx. $5,397/sqm or $501/sqft).
Location & Neighborhood
The property is located at Tachikawashi Nishikichou 1 Choume 14-5 (立川市錦町1丁目14-5), Tokyo, Japan. It is a 9-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 28 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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