Overview of Shiba Shirogane Hiruzu (芝白金ヒルズ)
Shiba Shirogane Hiruzu (芝白金ヒルズ) is a 41-year-old condominium located at Minatokushiroganedai 5 Choume 12-3 (港区白金台5丁目12-3), Tokyo, Japan. Built in 1985, it comprises 21 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Maeda Kensetsu Kougyou (前田建設工業).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥273.9万/sqm (approx. $18,262/sqm or $1,697/sqft).
Location & Neighborhood
The property is located at Minatokushiroganedai 5 Choume 12-3 (港区白金台5丁目12-3), Tokyo, Japan. It is a 8-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 41 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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