Kara's Han Seung-yeon to become real estate queen?

Han Seung-yeon of the idol group Kara proved her status as a 'real estate queen' by purchasing two houses in Gangnam, Seoul and making a profit of 20 billion won in just 10 years.

According to News One on the 18th, Han Seung-yeon purchased old houses in Cheongdam-dong and Samseong-dong, Gangnam-gu, Seoul and built buildings on them, bringing the real estate value up to 27 billion won.

The commercial-residential property in Cheongdam-dong, which was purchased in 2014 for 48.66 million won per 3.3 m2, or a total of 4.55 billion won, is located on the back road of Hakdong-ro, which is served by Subway Line 7, making it a 5-minute walk to Gangnam-gu Office Station and Cheongdam Station.

This house was demolished in 2017 and rebuilt as a building with 1 basement floor and 5 above-ground floors, and is currently leased by an entertainment agency. The construction cost was 1.84 billion won.

According to Building Road Real Estate, there are cases where nearby properties were traded for 148 million to 169 million won per 3.3㎡, so the current market price of this building is over 13.8 billion won. This is an increase of about 9.3 billion won compared to the initial purchase price.

The old house in Samseong-dong that was purchased in 2017 was also rebuilt into a small building in 2020. At the time of purchase, it was a single-family home, and it was purchased for 36.4 million won per 3.3㎡, a total of 3.7 billion won, and a small building with 1 basement floor and 2 above-ground floors was built.

This building is an 8-10 minute walk from Bongeunsa Station on Subway Line 9 and Cheongdam Station on Subway Line 7, and is expected to be worth 13.2 billion won. The construction cost is 1.34 billion won, so even if you exclude the building sale cost and construction cost, you will still have a profit of 8 billion won.

source

https://n.news.naver.com/mnews/article/009/0005351775