Overview of Faasutosuteeji Higashimurayama (ファーストステージ東村山)
Faasutosuteeji Higashimurayama (ファーストステージ東村山) is a 28-year-old condominium located at Higashimurayama Shi Honchou 2 Choume 21-3 (東村山市本町2丁目21-3), Tokyo, Japan. Built in 1998, it comprises 15 units in a Reinforced Concrete (RC) structure. It was constructed by Kokorozashi Ta Kumi (志多組).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 1,780〜3,080万円 (approx. $118,667–$205,333 USD at ¥150/$).
Unit sizes range from 53.8–59.5 sqm (579–640 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Higashimurayama Shi Honchou 2 Choume 21-3 (東村山市本町2丁目21-3), Tokyo, Japan. It is a 5-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 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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