Shibuya
渋谷区
TokyoInvestment Index
Significant Decline
Shibuya's redevelopment is reshaping property values. MLIT data reveals how actual sold prices compare to the hype.
What buyers actually paid vs listing site prices
Listing sites
~¥1,857,333/m²
Actual price
¥1,658,333.33/m²
-11%
* Listing price estimated based on typical asking-to-transaction gaps.
Market Trends
Prices have risen 75% over the displayed period. Check whether current momentum is sustainable.
Median price per m² and transaction volume from MLIT government data. Tap data points for details.
Price vs Building Age
A 40-year-old building trades at roughly half the price of a new one. Building age is one of the biggest price drivers in this area.
Investment Guide by Building Age
Recommendations for foreign investors based on seismic standards, depreciation, and financing.
| Age | Median/m² | Count | Seismic | Tax Life | Verdict |
|---|---|---|---|---|---|
| 0–10 yrs | ¥2,909,091 | 8 | ✓ Modern | 37–47 yrs remaining | ● Recommended |
| 11–20 yrs | ¥1,950,000 | 9 | ✓ Modern | 27–36 yrs remaining | ● Recommended |
| 21–30 yrs | ¥1,679,487 | 14 | △ Post-1981 | 17–26 yrs remaining | ◐ Caution |
| 31–40 yrs | ¥2,592,593 | 3 | △ Post-1981 | 7–16 yrs remaining | ○ High Risk |
| 40+ yrs | ¥1,225,000 | 10 | ✗ Pre-1981 | 0–6 yrs remaining | ○ High Risk |
● Recommended = Post-2000 seismic standard, financeable, strong resale · ◐ Caution = Post-1981, verify repair history · ○ High Risk = Pre-1981, limited financing, higher insurance
Market Evidence
Recent transaction samples from MLIT
All transactions from MLIT Q3 2025 release
These are actual sale prices recorded by the government — typically 5-15% below listing site prices.
| Date | Price | Area | Price/㎡ | Built | Station |
|---|---|---|---|---|---|
| Q3 2025 | ¥350,000,000 $2,211,970 | 100.0 m² | ¥3,500,000 $22,120 | 2018 8 years | Meiji-Jingumae |
| Q3 2025 | ¥19,000,000 $120,078 | 15.0 m² | ¥1,266,667 $8,005 | N/A | Meiji-Jingumae |
| Q3 2025 | ¥230,000,000 $1,453,580 | 60.0 m² | ¥3,833,333 $24,226 | 2013 13 years | Meiji-Jingumae |
| Q3 2025 | ¥25,000,000 $157,998 | 20.0 m² | ¥1,250,000 $7,900 | 1979 47 years | Shibuya |
| Q3 2025 | ¥50,000,000 $315,996 | 35.0 m² | ¥1,428,571 $9,028 | 2009 17 years | Yoyogi-Uehara |
| Q3 2025 | ¥68,000,000 $429,754 | 35.0 m² | ¥1,942,857 $12,279 | 2018 8 years | Hatagaya |
| Q3 2025 | ¥45,000,000 $284,396 | 35.0 m² | ¥1,285,714 $8,126 | 2011 15 years | Hatagaya |
| Q3 2025 | ¥83,000,000 $524,553 | 50.0 m² | ¥1,660,000 $10,491 | 1995 31 years | Hatagaya |
| Q3 2025 | ¥29,000,000 $183,278 | 20.0 m² | ¥1,450,000 $9,164 | N/A | Hatagaya |
| Q3 2025 | ¥29,000,000 $183,278 | 20.0 m² | ¥1,450,000 $9,164 | 1999 27 years | Shibuya |
* Data sourced from MLIT (Ministry of Land, Infrastructure, Transport and Tourism) public records. Sample transactions may not represent all market activity.
Who Invests in Shibuya
Typical Investor
Tech-adjacent investors, young professional rental targeting
Investment Thesis
Massive redevelopment creating new premium stock. Strong tenant demand from creative/tech industries.
Key Risk
New supply may pressure older stock. Premium pricing for redevelopment area.