Tokyu Land Completes Condo Property in Tokyo’s Shibaura
Tokyu Land has begun handovers at BRANZ Shibaura, a for-sale condominium property it had been developing in Shibaura 4-chome, Minato Ward, Tokyo. Handovers started May 29.
The midsize property has 62 units and is characterized by canal views from all residences. The unit mix, with 60 of the 62 units consisting of one- and two-bedroom layouts, appears designed to capture demand from singles and dual-income couples without children seeking access to central Tokyo, as well as demand for second homes.
The nearest station is JR Tamachi Station, a 14-minute walk away. Four stations on five rail lines are available, including Sengakuji Station, a 13-minute walk away; Mita Station, a 16-minute walk away; and Takanawa Gateway Station, a 19-minute walk away. The area has been designated as the Shinagawa Station and Tamachi Station area of the Asian Head Office Special Zone, and redevelopment is continuing, particularly around Takanawa Gateway Station. While the property is close to these redevelopment areas, it also occupies a south-facing corner site in a waterfront residential area along the canal.
As total project costs have risen amid higher materials and labor costs, the unit mix centered on one- and two-bedroom residences with relatively compact exclusive-use areas offers a way to capture purchase demand from singles, dual-income households and individual buyers considering rental operation. Among units currently for sale, one-bedroom units are priced in the low JPY 7 million per tsubo range, while only the three-bedroom premium plan is priced above JPY 10 million per tsubo. In Shibaura 4-chome, selective pricing appears to be emerging that reflects redevelopment expectations and view conditions.
Key Facts
- Property Name: BRANZ Shibaura
- Developer: Tokyu Land Corp.
- Location: 4-4-11 Shibaura, Minato Ward, Tokyo
- Nearest Stations: 14-minute walk from Tamachi Station on the JR Yamanote and Keihin-Tohoku lines / 13-minute walk from Sengakuji Station on the Toei Asakusa Line and Keikyu Main Line / 19-minute walk from Takanawa Gateway Station on the JR Yamanote and Keihin-Tohoku lines
- Completion: March 24, 2026
- Handover: May 29, 2026
- Number of Floors: 14F, reinforced concrete structure
- Area: Site area of approximately 254 tsubo (approx. 9,000 sq. ft.) / Gross Floor Area of approximately 1,205 tsubo (approx. 42,900 sq. ft.)
- Total Units: 62
- Design: Tokyu Architects & Engineers Inc.
- Construction: Ichiken Co., Ltd.
- Environmental Certifications: ZEH Oriented, Low-Carbon Building Certification