Hyeri purchases a 4.39 billion building in Gangnam, Seoul → rebuilds… Market profit alone: ​​3 billion? – Money Today VRESP

Money Today Reporter Jeon Hyeong-ju | 2024.04.06 14:59

(Star Real Estate)

It was belatedly confirmed that actress Hyeri (29), a former member of the girl group Girls Day, purchased an old building in Gangnam, Seoul and rebuilt it. /Photo=Lee Dong-hoon

It was belatedly confirmed that actress Hyeri (29), a former member of the girl group Girls Day, purchased an old building in Gangnam, Seoul and rebuilt it.

According to the real estate industry on the 6th, Hyeri purchased a 4-story, 245.3㎡ (74.2 pyeong) building in Yeoksam-dong, Gangnam-gu, Seoul in the name of ‘Empo’, a corporation she established on December 31, 2020.

It was a fairly old building, 20 years after its completion. The price of the building is 0 won, and it is estimated that the land price alone will be 4.39 billion won.

Hyeri paid the balance on March 30, 2021. Reconstruction permission was received within a month, construction began in June of that year, and use approval was received on May 24, 2022. The completed building has one underground floor and four above-ground floors, with a total floor area of ​​499.88㎡ (151.21 pyeong).

As soon as construction was completed, Hyeri formed a collateral trust with Hana Asset Trust and transferred ownership. It appears to be a choice to reduce costs and increase loan limits.

Looking at the building register, the loan was made using the trust beneficiary certificate as collateral, so there is no direct mortgage on the real estate.

A view of the building that Hyeri rebuilt in Gangnam, Seoul. /Photo=Kakao Map

The current market price of the building and land is expected to be over 7.5 billion won. The simple market profit is 3 billion won, but considering acquisition tax and construction costs, it is evaluated that it is not a large profit.

Meanwhile, Empo Co., Ltd., founded by Hyeri, mainly engages in performance planning and real estate rental and management businesses. Her mother, Park Seon-kyung, serves as CEO, and her father, Lee Dong-hyun and Hyeri, are each named as internal directors.

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