Hatsudai, Shibuya Ward: property prices and land values

初台(渋谷区)

Data last updated: November 2026 (Land Price Publication 2026, Prefectural Survey 2026, transactions through Q2 2026)

Avg. residential land price
¥1.28M/m²
≈ $751/sq ft · 1 sites
#19 of 20 neighborhoods
Avg. commercial land price
¥2.73M/m²
≈ $1,602/sq ft · 2 sites
1-year change
+12.6%
Residential +8.5% · commercial +14.6%
5 years / 10 years
+45.3% / +79.2%
Same sites, chained
Pre-owned condos per m²
¥1.38M/m²
70 m² ≈ ¥96.4M · 69 sales
Pre-owned houses (median)
¥160.0M
≈ $1.01M · 10 sales
Real Estate Zukan Index
No data
Total real estate value Estimate
Coming soon

Map official land price survey sites

Tap anywhere on the map to get an estimate for that spot. Map: GSI Tiles.

Price trend and forecast average chained from the same survey sites

¥0/m²¥1.00M/m²¥2.00M/m²¥3.00M/m²2006201020142018202220262036
ResidentialCommercialResidential forecast
Avg. residential land priceNow1 year3 years5 years10 years
Forecast Forecast
+6.0% a year
¥1.28M/m²¥1.36M/m²¥1.52M/m²¥1.71M/m²¥2.29M/m²

Forecasts are projections, not guarantees. 10-year range: ¥1.88M/m²–¥2.70M/m²

Hatsudai, Shibuya Ward compared with larger areas

AreaAvg. residential≈ USD/sq ftHatsudai, Shibuya Ward is1 year5 yearsCondos per m²Index
Hatsudai, Shibuya Ward ¥1.28M/m²$751/sq ft +12.6%+45.3% ¥1.38M/m²—
Shibuya Ward ¥1.84M/m²$1,081/sq ft 0.69x+12.3%+44.4% ¥1.62M/m²99
Tokyo ¥547K/m²$321/sq ft 2.3x+8.1%+27.3% ¥1.00M/m²100
Japan ¥120K/m²$70/sq ft 10.7x+2.1%+8.0% ¥493K/m²—

Official land price survey sites highest first · 3 sites

LocationUsePrice per m²≈ USD/sq ft1 yearStation
東京都 渋谷区初台1丁目49番12
Land Price Publication 2026
Commercial¥3.28M/m²$1,925/sq ft +15.1%初台
130 m
東京都 渋谷区初台一丁目38番10外
Prefectural Survey 2026
Commercial¥2.18M/m²$1,279/sq ft +14.1%中層店舗ビル等が建ち並ぶ駅前の商業地域
東京都 渋谷区初台2丁目8番14
Land Price Publication 2026
Residential¥1.28M/m²$751/sq ft +8.5%初台
750 m

Transaction prices MLIT Real Estate Information Library · last 2 years · 83 sales

Condos per m² (median)
¥1.38M/m²
Condo price (median)
¥73.0M
Land & building (median)
¥160.0M
Land per m² (median)
¥1.60M/m²

Sales in the loaded period: Pre-owned condo 144 · Land & building 21 · Land 6

DistrictPeriodTypePriceAreaBuiltPer m²
HatsudaiQ2 2026Pre-owned condo (contract) ¥26.0M30 m²2002¥867K/m²
HatsudaiQ2 2026Pre-owned condo (contract) ¥89.0M80 m²1982¥1.11M/m²
HatsudaiQ2 2026Pre-owned condo (contract) ¥130.0M70 m²2000¥1.86M/m²
HatsudaiQ2 2026Pre-owned condo (contract) ¥88.0M70 m²2016¥1.26M/m²
HatsudaiQ2 2026Land & building (contract) ¥100.0M50 m²1999—
HatsudaiQ2 2026Pre-owned condo (contract) ¥180.0M80 m²2017¥2.25M/m²
HatsudaiQ2 2026Pre-owned condo (contract) ¥34.0M30 m²2003¥1.13M/m²
HatsudaiQ2 2026Pre-owned condo ¥62.0M45 m²1985¥1.38M/m²
HatsudaiQ1 2026Pre-owned condo (contract) ¥68.0M55 m²1978¥1.24M/m²
HatsudaiQ1 2026Pre-owned condo (contract) ¥65.0M45 m²2017¥1.44M/m²
HatsudaiQ1 2026Pre-owned condo (contract) ¥120.0M85 m²1982¥1.41M/m²
HatsudaiQ1 2026Pre-owned condo (contract) ¥150.0M55 m²2022¥2.73M/m²
HatsudaiQ1 2026Land & building (contract) ¥80.0M55 m²1976—
HatsudaiQ1 2026Pre-owned condo (contract) ¥190.0M80 m²2000¥2.38M/m²
HatsudaiQ1 2026Pre-owned condo (contract) ¥120.0M65 m²2006¥1.85M/m²
HatsudaiQ1 2026Land & building ¥320.0M165 m²1962—
HatsudaiQ1 2026Pre-owned condo ¥33.0M25 m²2002¥1.32M/m²
HatsudaiQ1 2026Pre-owned condo ¥31.0M20 m²1982¥1.55M/m²
HatsudaiQ1 2026Pre-owned condo ¥110.0M60 m²2005¥1.83M/m²
HatsudaiQ1 2026Pre-owned condo ¥32.0M20 m²2015¥1.60M/m²

Nearby neighborhoods

FAQ

What is the average land price in Hatsudai, Shibuya Ward?

The average price of residential land in Hatsudai, Shibuya Ward is ¥1,280,000 per m² (about ¥4,231,405 per tsubo), based on 1 sites in the official land price surveys (2026).

Are land prices in Hatsudai, Shibuya Ward going up?

Land prices in Hatsudai, Shibuya Ward have risen by +12.6% on average over the past year. Over five years the change is +45.3%.

How much do pre-owned condos cost in Hatsudai, Shibuya Ward?

The median price of pre-owned condo transactions in the last two years is ¥1,377,777 per m², with a median price of ¥73.0 million (69 transactions, MLIT Real Estate Information Library).

What is the land price forecast for Hatsudai, Shibuya Ward?

The Fudosan Zukan model projects residential land prices to change by +6.0% a year, reaching about ¥2,292,285 per m² in 10 years (range ¥1,879,674–¥2,704,896). Forecasts are projections, not guarantees.

Land prices are official survey prices (Land Price Publication as of January 1, Prefectural Land Price Survey as of July 1); transactions are MLIT transaction and contract prices. Averages, changes, forecasts and the index are calculated by Fudosan Zukan. All prices in Japanese yen; dollar figures (≈) at ¥158.29 = $1 are for reference. Estimated prices and forecasts on this site are for reference only and do not guarantee actual sale prices or appraisal values. The estimate is not a licensed real estate appraisal; it is an "AI-estimated price" calculated from public land price and transaction statistics. Forecasts are projections, not guarantees.