Sales in Shibuya condo to start this month

Domestic sales in The Parkhouse Shibuya Nanpeidai are scheduled to start at the end of this month, with 35 units on offer.Pre-sales to overseas investors in Hong Kong started in 2017. The 10-storey condominium is located a 7 minute walk from Shibuya Station and 300 meters from Cerulean Tower. This is the first new condominium to go on sale in the Nanpeidai address in 11 years.

Details released on luxury apartment tower for Shibuya City Office redevelopment

Additional details have been released for the residential apartment tower planned as part of the Shibuya City Office redevelopment. The new high-rise will be called Park Court Shibuya The Tower. The 39-storey apartment building will have 505 apartments, of which 355 will be made available for sale. Apartment sizes will range from 40 ~ 208 sqm (430 ~ 2,238 sq.ft).

This will be a leasehold property with the land to be returned to Shibuya City at the end of the 70-year term. The redevelopment of Shibuya’s City Hall will partly be covered by the land leasehold revenue. The new city hall buildings are due to open in January 2019, while the adjoining public hall will open in the following May.

Google Japan office relocation signals return of Shibuya’s Bit Valley

On November 17, Google Japan announced plans to relocate their head office to a new office tower near Shibuya Station in mid-2019.

Google will be taking up floors 14 to 35 in Shibuya Stream – a 35-storey office tower due for completion in late 2018. The 50,000 sqm (538,000 sq ft) of office space will allow them to double their staff numbers from the current level of 1,300. The lower floors of the Shibuya Stream building will be hotel rooms, making Google the sole office tenant.

Shoto 2 House

SOLD

4-Bedrooms + 2 Bathrooms + 1 Car space
Shoto, Shibuya-ku, Tokyo
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*This house was sold in December 2017 and is no longer available*

This is a 2-storey two-by-four wood-frame house in the upscale Shoto residential neighbourhood near downtown Shibuya.

The four bedroom western-style home was constructed by Mitsui Home in 2000 as a luxury rental. It includes a spacious living, dining and kitchen area on the ground floor, with four bedrooms on the second floor. There is outdoor parking for 1 vehicle, as well as a garden and outdoor terrace spaces. The master bedroom has a walk-in closet and full ensuite bathroom.

The flagpole-shaped land fronts onto a 5.2 meter wide Shibuya Ward road on the south-eastern side. The land is zoned as a Category I Exclusively Low-Rise Residential Zone. Maximum building heights in this district are capped at 10 meters, while minimum lot sizes are restricted to 200 sqm and above.

Jingumae 5 House

2-Bedrooms + 2 Service Rooms + 2 Bathrooms + 1 Car Space
Jingumae, Shibuya-ku, Tokyo
SOLD
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*This house sold in April 2017 and is no longer available*

This is a 4-year old contemporary house in the Jingumae 5 Chome neighbourhood. It is 230 meters from the British School, 140 meters from Harajuku Cat Street, 900 meters from the Shibuya Crossing, and just 450 meters from the tree and boutique-lined Omotesando Avenue.

The two bedroom + two service room, 3-storey wood-frame house includes an open-plan kitchen and living space, floor heating, a courtyard garden, two bathrooms and parking for one vehicle.

Mitsubishi acquires Shibuya site for potential luxury condominium project

Mitsubishi Jisho Nanpeidaicho Site

Mitsubishi Jisho Residence and Cosmos Initia have acquired a large development site near Shibuya Station. Details have yet to be announced, but industry insiders suggest that, given the size of the land, it could be slated for a luxury condominium project.

Update: The project is called The Parkhouse Shibuya Nanpeidai. Pre-sales for Hong Kong-based buyers began in September 2017, with prices starting from around 145 million Yen. The 10-storey building will have approximately 100 apartments with completion by May 2019 or later.

The 3,300 sqm (35,500 sq.ft) site in Nanpeidaicho is located near the Cerulean Tower Tokyu Hotel and a 5 minute walk from Shibuya Station’s South Exit. It was purchased from Japan Tobacco for an undisclosed price estimated somewhere in the several billion Yen range. The site included a 5-storey office building which is currently being demolished.

Terrace Shibuya Mitake 7F

1-Bedroom + 1 Bathroom, 51.88 sqm
Shibuya, Shibuya-ku, Tokyo
SOLD
 ABOUT

*This apartment sold in March 2016 and is no longer available*

Terrace Shibuya Mitake is a 17-storey apartment building located just 350 meters from the Shibuya Crossing and 450 meters from Harajuku Cat Street. The building includes a concierge desk, resident lounge and a rooftop sky terrace.

It was constructed using the base-isolation (menshin-kozo) method of earthquake resistant construction. This is the highest grade and most expensive option for earthquake-resistance and reduces the level of swaying.

This is a 1-Bedroom corner apartment on the 7th floor. It is north and west facing and includes two balconies, and open-plan kitchen and a storage closet.

Apartment prices along Tokyo’s Ginza Line

The following table shows the change in apartment prices along the Ginza Subway Line (Japan’s oldest subway line). This subway line runs from Shibuya to Asakusa and passes through several of the city’s prime residential and business districts, many of which have seen a boost in prices over the past few years.

The average price across all stations on the Ginza line was 1,000,000 Yen/sqm in 2015, up 19.8% from 2014. The average building age was 21.0 years, down from 23.6 years in 2014. The average apartment size was 56.35 sqm (606 sq.ft), down from 60.76 sqm in 2014.