Overview of Hooyuuparesu Oume (ホーユウパレス青梅)
Hooyuuparesu Oume (ホーユウパレス青梅) is a 37-year-old condominium located at Oumeshi Sen Ke Se Machi 5 Choume 627-2 (青梅市千ケ瀬町5丁目627-2), Tokyo, Japan. Built in 1989, it comprises 41 units in a Reinforced Concrete (RC) structure. It was constructed by Yasuhiro Kensetsu (泰洋建設).
Pricing & Floor Plans
Based on 44 past listings, prices have ranged from 280〜650万円 (approx. $18,667–$43,333 USD at ¥150/$).
Unit sizes range from 17.6–48.3 sqm (189–520 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2K (2-bedroom w/ kitchen), 2DK (2-bedroom w/ dining-kitchen), 1R (Studio), 1DK (1-bedroom w/ dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥14.4万/sqm (approx. $963/sqm or $89/sqft).
Location & Neighborhood
The property is located at Oumeshi Sen Ke Se Machi 5 Choume 627-2 (青梅市千ケ瀬町5丁目627-2), 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 37 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.
Analyze this property's fair price and negotiation room for free at RE:public.