Overview of Raionzugaaden Musashikoganei (ライオンズガーデン武蔵小金井)
Raionzugaaden Musashikoganei (ライオンズガーデン武蔵小金井) is a 43-year-old condominium located at Koganeishi Midorimachi 5 Choume 18-19 (小金井市緑町5丁目18-19), Tokyo, Japan. Built in 1983, it comprises 42 units in a Reinforced Concrete (RC) structure. It was constructed by Nihonkokudokaihatsu (日本国土開発).
Pricing & Floor Plans
Based on 58 past listings, prices have ranged from 1,990〜4,080万円 (approx. $132,667–$272,000 USD at ¥150/$).
Unit sizes range from 66.8–73.4 sqm (719–790 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), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥54.8万/sqm (approx. $3,653/sqm or $339/sqft).
Location & Neighborhood
The property is located at Koganeishi Midorimachi 5 Choume 18-19 (小金井市緑町5丁目18-19), Tokyo, Japan. It is a 13-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 43 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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