Overview of J Shitei Shibuya (Ｊシティ渋谷)
J Shitei Shibuya (Ｊシティ渋谷) is a 28-year-old condominium located at Shibuyaku Honchou 5 Choume 26-14 (渋谷区本町5丁目26-14), Tokyo, Japan. Built in 1998, it comprises 33 units in a Reinforced Concrete (RC) structure. It was constructed by Fuji Kou (冨士工).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 1,080〜1,880万円 (approx. $72,000–$125,333 USD at ¥150/$).
Unit sizes range from 16.0–21.1 sqm (172–227 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio), 1 R (1 R).
Estimated price per sqm: ¥101.7万/sqm (approx. $6,777/sqm or $630/sqft).
Location & Neighborhood
The property is located at Shibuyaku Honchou 5 Choume 26-14 (渋谷区本町5丁目26-14), Tokyo, Japan. It is a 10-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 28 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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