Song Euni's 2.6 Billion Won Investment in Sangam Building Jumps by 7 Billion Won in 5 Years

Used as Headquarters for Content and Management Companies
Real Estate Expert: "Over 130 Million Won per Pyeong"

The value of the building owned by broadcaster Song Euni, located in Sangam-dong, Seoul, is estimated to have increased by nearly 7 billion won over the past five years.

According to Building Road, a company specializing in building brokerage, as of July 6, the Sangam-dong building owned by the corporation represented by Song Euni is currently valued at approximately 15.7 billion won. This means that Song Euni can expect a capital gain of about 7 billion won in the five years since purchasing the land in 2020.

The value of the building owned by broadcaster Song Euni, located in Sangam-dong, Seoul, is estimated to have increased by nearly 7 billion won over the past five years. Korea Compassion

Between the end of 2020 and early 2021, Song Euni purchased five parcels of land in the Sangam-dong area, totaling 413 square meters (about 125 pyeong), for approximately 5 billion won. At the time, there were two commercial buildings and one house on the site, but all were demolished for new construction, and by 2022, a new building with one basement floor and six above-ground floors was completed. The building now serves as the headquarters for content production company Content Lab VIVO and entertainment management company Media Lab Seesaw.

The construction cost is estimated at around 9 million won per pyeong, totaling approximately 3.3 billion won. Including both land acquisition and construction, the total investment is about 8.7 billion won. Considering the maximum secured amount on the real estate registry is over 7.3 billion won, the actual loan amount is estimated at around 6.1 billion won. Reflecting this, Song Euni's actual capital investment is analyzed to be around 2.6 billion won.

The value of the building owned by broadcaster Eunyi Song, located in Sangam-dong, Seoul, is estimated to have increased by nearly 7 billion won over the past five years. tvN broadcast screen

The maximum secured amount registered on the real estate registry is 7.32 billion won. Since the maximum secured amount is typically 120% of the actual loan, it is estimated that Song Euni borrowed about 6.1 billion won. This is thought to include 2.5 billion won in new construction financing. Subtracting the loan amount from the total land and construction cost of 8.7 billion won, the actual cash investment is about 2.6 billion won.

A real estate industry source stated, "A building of similar size located just a few hundred meters away was sold at the end of last year for 132 million won per pyeong," and added, "Based on this market price, the current value of Song Euni's building is estimated at around 15.7 billion won."