Overview of Rejionsu Kodaira (レヂオンス小平)
Rejionsu Kodaira (レヂオンス小平) is a 28-year-old condominium located at Kodairashi Sakaemachi 2 Choume 26-13 (小平市栄町2丁目26-13), Tokyo, Japan. Built in 1998, it comprises 18 units in a Reinforced Concrete (RC) structure. It was constructed by Kokorozashi Ta Kumi (志多組).
Pricing & Floor Plans
Based on 19 past listings, prices have ranged from 1,080〜2,380万円 (approx. $72,000–$158,667 USD at ¥150/$).
Unit sizes range from 32.8–58.0 sqm (353–624 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1DK (1-bedroom w/ dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥34.9万/sqm (approx. $2,328/sqm or $216/sqft).
Location & Neighborhood
The property is located at Kodairashi Sakaemachi 2 Choume 26-13 (小平市栄町2丁目26-13), Tokyo, Japan. It is a 16-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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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