Singer and actress Suzy is predicted to gain approximately 4.3 billion won in capital gains from a building in Samseong-dong, Gangnam-gu, Seoul, which she purchased 9 years ago.
According to News1 on the 16th, Suzy bought the small building in Samseong-dong in May 2016 for 3.7 billion won under her name.
Considering that there is no mortgage registered in the property deed, it appears that Suzy purchased the building entirely in cash at that time.
The building, constructed in 2012, has a land area of 218㎡ (66 pyeong) and consists of 2 basement levels and 5 above-ground floors. The basement levels 1 and 2 are for neighborhood living facilities, while floors 2 to 5 are multi-family housing.
In particular, the building is located on a slope, which exposes the first basement level above ground. Since the building can be recognized as having a basement level under building law, there are no restrictions on the floor area ratio, allowing for high rental income, according to industry observations.
It is evaluated to be in an excellent location near Seonjeongneung Station, which is served by Line 9 and the Shinbundang Line.
The current market value of the building is approximately 8 billion won. This means that after 9 years of ownership, a capital gain of about 4.3 billion won is expected.
There are cases of newly constructed buildings completed last year being sold for 160 million won and 176 million won per pyeong, which means that excluding the building price, the land was sold for about 130 million won and 140 million won per pyeong.
Kim Kyung-hyun, a manager at Building Road Real Estate Agency, explained, “Looking at the sales cases of newly constructed buildings completed last year, the land price excluding the building was 130 million won and 140 million won per pyeong. Considering that Suzy's building has residential units on the upper floors rather than neighborhood living facilities on all floors, multiplying the land area of 218㎡ (66 pyeong) by 120 million won per pyeong gives a land price of about 8 billion won, which means a capital gain of about 4.3 billion won is expected after 9 years.”
