Forest Terrace Shoto 3F

440,000,000 Yen
(2,202,000 Yen/sqm)
3-Bedrooms + 2 Bathrooms, 199.82 sqm
Kamiyamacho, Shibuya-ku, Tokyo

Why we like it:

  • Developed and managed by Mori Building.
  • Spacious layout.
  • Luxury, low-rise building.
  • Large share of land ownership.


Forest Terrace Shoto is a luxury, low-rise apartment building located in the high-end residential neighbourhood of Kamiyamacho/Shoto, which is a short distance from the bustling Shibuya retail district. The 3,000 sqm block of land is shared by only 26 apartments, of which only 13 were sold to private buyers with the remaining 13 held by Mori Building as rental-only units. As a result it is rare to see them offered for sale.

This is a 3-Bedroom corner apartment on the 3rd floor. it is south, west and north facing and includes walk in closets in each bedroom, a full family bathroom, master bedroom ensuite with double-basin vanity, a separate guest powder room, laundry room, and two south-facing balconies.

The building is managed by Mori Building.

The Shibuya Station area, which is 1,100 meters away, is undergoing a major redevelopment which will include several high-rise offices, retail, hotel and residential buildings, and will further improve the status and convenience of the Shibuya area. Full completion of the project is expected by 2027.

Shoto Governor’s Residence sells for 4.3 billion Yen

The former Tokyo Governor’s Residence in Shibuya’s high-end Shoto neighbourhood has been sold to Sumitomo Realty & Development for 4.368 billion Yen (36 million USD), or approximately 1,968,000 Yen/sqm based on the land size.

The residence was offered for sale by the Tokyo Metropolitan Government via public bidding from December 15 ~ 19. Sumitomo and another major real estate company were the only two bidders. The second bidder had tendered approximately 4 billion Yen for the property.

Former Governor’s Residence in Shoto up for sale again

Shoto Tokyo Governors Residence 1

The former official residence of the Governor of Tokyo in Shoto, Shibuya-ku, is going back on the market next month with a minimum bid price set at 3.51 billion Yen. This is the third time the property has been listed for sale, but is the first time that bidding is open to the general public. Previous attempts were limited to foreign governments looking for embassy locations.

It was originally listed in 2008 with a minimum bid set at 4.8 billion Yen. It was listed again in 2013 seeking offers over 3.3 billion Yen.

Applications for bidding will be open from December 15 ~ 19, with bids to be submitted and opened on December 24, 2014. The successful bidder must be prepared to complete settlement by March 23, 2015.

Tokyo Governor’s Residence fails to sell

The unused official residence of the Govenor of Tokyo again failed to attract any bids during its second time on the market.

The 2-storey residence was built at a cost of 1.2 billion Yen in 1997 but was only occupied for a little over a year. It was first listed for sale in 2008 with a minimum price of 4.8 billion Yen, but did not attract any offers. It was listed again in 2013 seeking offers over 3.3 billion Yen.

Former Tokyo Govenor’s Residence in Shoto for sale

Tokyo Governors Residence 2Tokyo City are looking to sell the currently unoccupied former governor’s residence in Shibuya and will be accepting offers over 3.3 billion Yen (33.8 million USD) from October 29.

This is the second time that the city has tried to sell the 2,200 sqm site. It was first listed in 2008 with a  minimum price of 4.8 billion Yen but no offers were made. Prior to the global financial crisis and Lehman Shock, real estate experts had suggested the property had a market value of around 6 billion Yen.

The city is hopeful that the property will be purchased by a foreign government to use as an embassy. They have already received interest from several countries.