CONCIERIA, the property brand of CLEARTH LIFE in Tokyo

"CONCIERIA SHIBUYA SASAZUKA <PREMIUM VIEW>"

is close to both Shinjuku and Shibuya , two of the world's largest stations.

The area around Shinjuku Station and Shibuya Station has become as a business headquarters and research and development base for the Asian region, and has been also designated as a business area to attract foreign companies.
Since its designation in 2011, it has been continuously proceeding with development.

It will not stop in the future.

【Shinjuku】

2023: Nishi-Shinjuku 5-chome North District Disaster Prevention Block Development Project
2024: Nishi-Shinjuku 5-chome Central South District Type 1 Urban Redevelopment Project
2025: Nishi-Shinjuku 1-chome district project
2029: Nishi-Shinjuku 3-chome West District Type 1 Urban Development Project
2040: Urban Regeneration Special District City Planning “Shinjuku Grand Terminal Plan”

【Shibuya】

2023: Shibuya-ku Dogenzaka 2-chome development plan
2023: Shibuya Station Sakuragaoka Exit District Type 1 Urban Redevelopment Project
2024: Shibuya 2-chome 17 District Type 1 Urban Redevelopment Project
2026: Dogenzaka 2-chome South District Type 1 Urban Redevelopment Project
2026: NHK Broadcasting Center reconstruction basic plan (plan to be completed in 2036)
2027: Shibuya Upper West Project
2029: Shibuya 2-chome West District Redevelopment City Plan

According to the land prices as of January 1 (official land prices) announced every year by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), when comparing 2011 (before redevelopment) and 2022,
the price of Shibuya station square has increased by 180%.

Changes in official land prices (compared to 2011)

◆2-29-19 Dogenzaka, Shibuya-ku

(300m from Shibuya Station)

2011: 8,520,000 JPY/㎡
2022: 15,800,000 JPY/㎡ *185% increase

◆1-14-16 Shibuya, Shibuya-ku

(200m from Shibuya Station)

2021: 7,000,000 JPY/㎡
2022: 12,700,000 JPY/㎡ *181.4% increase

Just as large-scale redevelopment areas such as Shinagawa, Roppongi, and Toranomon have seen marked price increases clearly, trends in the Shinjuku and Shibuya area should be kept a close eye on in the future !