Overview of Peisaaju Shibuya Faasuto (ペイサージュ渋谷ファースト)
Peisaaju Shibuya Faasuto (ペイサージュ渋谷ファースト) is a 24-year-old condominium located at Shibuyaku Shibuya 3 Choume 26-12 (渋谷区渋谷3丁目26-12), Tokyo, Japan. Built in 2002, it comprises 22 units in a Reinforced Concrete (RC) structure. It was constructed by Kyouritsu Kensetsu (共立建設).
Pricing & Floor Plans
Based on 29 past listings, prices have ranged from 2,350〜8,400万円 (approx. $156,667–$560,000 USD at ¥150/$).
Unit sizes range from 31.2–37.5 sqm (336–404 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1 R (1 R), 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 1R (Studio), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥234.8万/sqm (approx. $15,653/sqm or $1,454/sqft).
Location & Neighborhood
The property is located at Shibuyaku Shibuya 3 Choume 26-12 (渋谷区渋谷3丁目26-12), Tokyo, Japan. It is a 6-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 24 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.