Recently, News1 reported that a building owned by the famous couple Bi Rain and Kim Tae Hee in Gangnam, Seoul (South Korea) is said to have increased by about 60 billion won within 3 years.
The building was purchased by actress Kim Tae Hee and singer and actor Bi Rain for 92 billion won in 2021.
This property is a commercial building with a land area of 147 pyeong (486m²), a total floor area of 881 pyeong (2,910m²) and spans 2 basements and 8 upper floors.
In 2022, just one year after purchasing the property, the celebrity couple considered selling the building for 140 billion won, but in the end they did not sell.
At that time, the first floor of the shopping mall had been vacant for nearly half a year. But with the opening of the first branch of the famous hamburger brand Shake Shack, the entire building is now filled and the rental income is very stable.
3 years ago, the monthly rent for the entire building was around 230 million won, now the rent may increase higher than this.
The building is located near Gangnam Station, which is densely populated, and is on the main road between Gangnam Station and Sinnonhyeon Station. The prime location helps the building increase in value.
“The selling price at that time was 952 million won per pyeong, but the current market price is expected to be enough for a transaction of at least 1 billion won per pyeong,” said Kim Kyung Hyun, director of real estate brokerage Building Road.
This is an extremely rare construction transaction area and there are absolutely no real estate listings, so no matter how much the building is resold, there is a high chance that a deal will be reached that is almost equivalent to the asking price."
Real estate experts predict that the current price of the building has significantly exceeded 140 billion won. According to News1, Kim Tae Hee and Bi Rain earned about 60 billion won (1,104 billion VND) after 3 years.
Kim Tae Hee and Bi Rain are a star couple who make huge profits from real estate.
Previously, Kim Tae Hee bought a building in Yeoksam-dong, Seoul for 13.2 billion won in 2014. By 2021, it was sold for 20.3 billion won, with a market profit of 7.1 billion won.
Bi Rain purchased a building located in Cheongdam-dong, Gangnam-gu, Seoul in 2008 for 16.8 billion won and used it as his company headquarters before selling it for 45.9 billion won in 2022, earning a profit of 32.7 billion won.
In addition, a house in Itaewon-dong that Rain bought for 5.3 billion won in 2016 was sold for 8.5 billion won in 2022, generating a market profit of 3.2 billion won.
Meanwhile, Rain and Kim Tae Hee got married in January 2017, after 5 years of dating. The couple now has two daughters.
