Overview of Ruuburu Shibuya Honchou (ルーブル渋谷本町)
Ruuburu Shibuya Honchou (ルーブル渋谷本町) is a 25-year-old condominium located at Shibuyaku Honchou 5 Choume 7-4 (渋谷区本町5丁目7-4), Tokyo, Japan. Built in 2001, it comprises 25 units in a Reinforced Concrete (RC) structure. It was constructed by Muranaka Kensetsu (村中建設).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 1,400〜2,300万円 (approx. $93,333–$153,333 USD at ¥150/$).
Unit sizes range from 19.2–25.9 sqm (207–279 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1 K (1 K).
Estimated price per sqm: ¥92.7万/sqm (approx. $6,179/sqm or $574/sqft).
Location & Neighborhood
The property is located at Shibuyaku Honchou 5 Choume 7-4 (渋谷区本町5丁目7-4), 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 25 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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