Tobu Real Estate Completes Vista Court Hatagaya Rental Apartment in Shibuya Ward

Tobu Real Estate completed Vista Court Hatagaya, a rental apartment building it had been developing in Hatagaya, Shibuya Ward, Tokyo, on July 15, 2026. It is the second project under the company's new development business.

The property is located a six-minute walk from Hatagaya Station on the Keio New Line. The building has six above-ground floors and 26 units in total, comprising 1K to 2LDK unit types with exclusive floor areas ranging from 30.20 to 63.30 sq. m (approx. 300-700 sq. ft.). Every unit comes standard with floor heating, and pets are permitted under certain conditions.

The average asking rent for rental apartments within a ten-minute walk of Hatagaya Station has risen approximately 19% over the past three years, reaching approximately JPY 16,000 per tsubo as of the end of June 2026 (research by the editorial team based on estie Residential Research). Located close to Shinjuku while retaining the calm of a residential area, Hatagaya is positioned to capture demand for central Tokyo living.

Tobu Real Estate operates a development business comprising new development projects and a value-up business. Under the value-up business, the company has a track record of more than 30 properties, including rental apartments, rental offices, and retail facilities in central Tokyo and the Yamanote area. Under the new development business, its first project, a rental apartment building in Sarue, Koto Ward, was completed and sold simultaneously in November 2022. This project is the second under that business, extending the company's rental housing development into central Tokyo.

Key Facts

• Property Name: Vista Court Hatagaya
• Developer: Tobu Real Estate Co., Ltd.
• Location: 24-25 Hatagaya 1-chome, Shibuya Ward, Tokyo
• Nearest Station(s): Six-minute walk from Hatagaya Station on the Keio New Line
• Construction Start: January 2025
• Completion: July 15, 2026
• Number of Floors: 6F (steel-reinforced concrete construction)
• Area: Site area of approximately 140 tsubo (approx. 5,000 sq. ft.) / Gross Floor Area of approximately 475 tsubo (approx. 16,900 sq. ft.)
• Total Units: 26
• Unit Layouts: 1K-2LDK
• Exclusive Floor Area: 30.20-63.30 sq. m (approx. 300-700 sq. ft.)
• Design and Supervision: Fregline Architects Co., Ltd.
• Construction: Shinko Kensetsu Co., Ltd.