Many Korean celebrities are known to have earned billions of won from their “god-level real estate investments”.
On August 17th, Korean Economy reported that Lee Jung Hyun and her husband purchased a hospital building near Incheon City Hall Station in Incheon’s Namdong District for 19.4 billion Korean won in May this year.
The hospital building spans 8 floors above ground and 1 floor below ground in the main building, and 5 floors above ground and 1 floor below ground in the annex, totaling to around 5,948 square meters with 81 hospital beds. The loan amount for the building is 16.2 billion Korean won, with Lee Jung Hyun owning 99% and her husband owning 1% of the shares, making Lee Jung Hyun the actual owner.
Lee Jung Hyun has previous success in real estate investment, having sold a building in Seoul’s Seongdong District, which she purchased for 4.36 billion Korean won in 2017, for 7 billion Korean won in 2021, earning a profit of 2.6 billion Korean won in just 3 years. Based on this experience, it appears that she decided to make the purchase despite the significant loan amount of 16.2 billion Korean won.
Singer and actress Suzy also holds real estate assets worth 13.8 billion Korean won.
In 2017, Suzy purchased a luxury villa in Nonhyeon-dong for 3.09 billion Korean won. The villa has an exclusive area of 277 square meters with 4 bedrooms, 3 bathrooms, and 1 dressing room.
Additionally, Suzy purchased a building in Samsung-dong, Gangnam-gu, Seoul, for 3.7 billion Korean won in 2016. It was revealed that she took out a loan of 1.7 billion Korean won and paid the remaining 2 billion Korean won in cash.
The current market price of Suzy’s building is estimated to be around 8 billion Korean won. At the time, Suzy was reported to earn a monthly rental income of 15 million Korean won from the property.
Girls’ Generation Yoona also drew attention for purchasing a building in Cheongdam-dong, Gangnam-gu, for 10 billion Korean won.
Yoona’s building, which was completed in 2014, is a new building spanning 2 basement floors and 4 floors above ground. It is located in a prime investment area known for immediate property sales upon listing.
Girls’ Generation’s Yuri also entered the world of real estate investment by purchasing a 5-story building in Nonhyeon-dong, Gangnam-gu, Seoul, for 12.8 billion Korean won.
The building, which is a 3-minute walk from Seonjeongneung Station, is well-regarded for its accessibility and visibility due to its three-corner location. After a recent full remodeling, the building’s interior and exterior have become more beautiful.
It is known that the rental income from Yuri’s building amounts to 500 million won in deposit and 38 million won in monthly rent, with an annual return of about 3.7%.
In March 2020, Ha Ji Won purchased a building in Seongsu-dong for 10 billion won under the name of her agency. She recently held a private exhibition in the building.
Finally, KARA Han Seung Yeon purchased a building in Cheongdam-dong, Gangnam-gu, Seoul, for 4.5 billion Korean won in 2014. The estimated value of the building is now around 15 billion Korean won, and it is known to be generating a monthly rent of 20 million Korean won.
Han Seung Yeon also co-purchased a detached house in Samsung-dong, Gangnam-gu, Seoul, with her mother in 2017, which is currently estimated to be worth around 16 billion Korean won.