Singer Yoon Jong-shin bought a building in Hannam-dong, Yongsan District, Seoul, for about 1.5 billion won and sold it for 5.5 billion won after 10 years, realizing a capital gain of about 4 billion won.
According to a report by News1 on the 23rd, Yoon Jong-shin purchased a building near Hangangjin Road at the entrance of the Itaewon commercial district for 1.515 billion won in April 2015. According to Building Road Real Estate, it is reported that Yoon Jong-shin borrowed about 900 million won using the building as collateral at that time.
The building has 1 basement floor and 2 above-ground floors, with a land area and total floor area of 181.5 square meters (about 55 pyeong) each. Although it is located in a dead-end alley rather than on a main road, it is adjacent to the Leeum Samsung Museum of Art, Blue Square, and luxury residential complexes, and is close to Hangangjin Station on Line 6, making its location conditions excellent.
Recently, as the development of Hannam New Town and the reorganization of the Itaewon commercial district progressed, the value of nearby real estate increased. Yoon Jong-shin sold the building for 5.5 billion won on the 17th of this month, generating a revenue of about 4 billion won.
Kim Kyunghyun, a Vice Administrator at Building Road Real Estate, noted, "As the most similar recent sale case, a building located on the same dead-end road was traded at 79 million won per 3.3 square meters in November 2024," adding, "Yoon Jong-shin's sale at 100 million won per 3.3 square meters appears to be a successful transaction case."