Purchased for 24.4 Billion KRW in 2022 and Newly Built
Monthly Rent of 300,000 KRW per 3.3㎡, Management Fee Not Included
Actress Son Ye-jin's newly constructed building in the heart of Gangnam has reportedly remained vacant for over six months due to high rent, News1 reported on the 9th.
In August 2022, Son Ye-jin purchased a two-story commercial building with a land area of 277.7㎡ (84 pyeong) near Sinnonhyeon Station, a transfer station between Line 9 and the Shinbundang Line, and Gangnam Station on Line 2, for 24.4 billion KRW. She immediately demolished the existing building and erected a new five-story building. The newly constructed building, completed in June last year, spans from one basement floor to five above-ground floors, with a total floor area of 724㎡ (219 pyeong). The building is designated as a Category 2 Neighborhood Living Facility.
This building is located on a side corner of a main road in the Gangnam commercial district, which sees a continuous flow of people 24 hours a day, 265 days a year, and is evaluated as having excellent accessibility and visibility. However, since its completion in June last year, no tenants have moved in.
The reason cited is the high rent. On the second floor, the rent is 300,000 KRW per 3.3㎡ (pyeong), which amounts to 12.15 million KRW per month for 40 pyeong, with an additional management fee of 1.22 million KRW. Considering that the building's highest bond amount is 18 billion KRW, it is estimated that Son Ye-jin took out a loan of 15 billion KRW for this building.
The couple, Hyun Bin and Son Ye-jin, put Hyun Bin's newlywed home on the market for 7 billion KRW in June last year. The penthouse at Walkerhill Podoville in Acheon-dong, Guri City, was purchased by Hyun Bin in 2020 for 4.8 billion KRW and used as their newlywed home after their marriage in March 2022. It was surprising that the entire amount was paid in cash at the time of purchase.
The couple is very interested in real estate investment. In 2009, Hyun Bin purchased a villa building located in Dongjak-gu, Seoul, for 2.7 billion KRW and sold it in 2021 for 4 billion KRW. Later, in 2013, he purchased a multi-family house in Cheongdam-dong for 4.8 billion KRW, demolished the building, and constructed a new commercial building. This building received an architectural excellence award from the Seoul Metropolitan Government in 2017, and its market value is estimated to be at least 10 billion KRW.
In addition to the Gangnam building, Son Ye-jin is known to own a luxury villa in Samseong-dong worth around 6 billion KRW. The total value of the real estate owned by the couple is estimated to be around 40 billion KRW.
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