Overview of Myoujou Manshon (明星マンション)
Myoujou Manshon (明星マンション) is a 38-year-old condominium located at Kunitachishi Naka 2 Choume 2-9 (国立市中2丁目2-9), Tokyo, Japan. Built in 1988, it comprises 24 units in a Reinforced Concrete (RC) structure. It was constructed by Toda Kensetsu (戸田建設).
Pricing & Floor Plans
Based on 32 past listings, prices have ranged from 2,390〜4,490万円 (approx. $159,333–$299,333 USD at ¥150/$).
Unit sizes range from 57.6–62.1 sqm (620–668 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥63.2万/sqm (approx. $4,214/sqm or $391/sqft).
Location & Neighborhood
The property is located at Kunitachishi Naka 2 Choume 2-9 (国立市中2丁目2-9), Tokyo, Japan. It is a 8-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 38 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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