Park Min-young owns a building worth 11 billion won… The secret to increasing the value of ‘4 billion’ in 6 years

by times news cr

2024-04-10 09:36:42

Actress Park Min-young. 2019.4.3/News 1

The building purchased by popular actress Park Min-young, who appeared in the tvN Monday-Tuesday drama ‘Marry My Husband’, as a family corporation was found to be worth more than 10 billion won. The annual profit rate of the building being operated as a rental business is estimated to be approximately 4%.

According to Jeon Ye-seong, team leader at Building Road Real Estate Brokerage on the 10th, in April 2018, the family corporation of which Park Min-young is an executive director purchased a building in Amsa-dong, Gangdong-gu, Seoul.

The transaction price at the time was confirmed to be 4.385 billion won, or about 34 million won per 3.3㎡. Afterwards, as soon as the balance was paid, the building was placed in trust and 3 billion won was set as the maximum bond amount after construction. Considering that the maximum bond amount is usually set at 120% of the loan, it is estimated that about 2.5 billion won was loaned.

Building Road Real Estate Brokerage Corporation estimated that, assuming that the construction cost at the time was about 6 million won per 3.3 m2 for a total floor area of ​​408 pyeong, the construction cost would have been about 2.4 billion won.

Putting this together, calculating the land purchase cost of 4.385 billion won, acquisition tax and brokerage fees of 250 million won, new construction costs of 2.4 billion won, and interest expenses, the acquisition cost is estimated to be around 7.2 billion to 7.3 billion won. The current market price appears to be around 11 billion won.

After the new construction, the 1st floor underground and 1st floor above ground will be comprised of shops, the 2nd and 3rd floors will be officetels, and the 4th to 6th floors above ground will be urban living housing.

The expected rent is expected to be a deposit of 500 million won, and the rent is expected to be 37 million won per month. If you look at this based on the selling price, the annual rate of return is about 4%.

The building is located 400 meters away from Amsa Station on Line 8, and it takes about 6 minutes to walk. Right in front of the building is a 25m street. It has the advantage of being connected to Dasan and Byeolnae New Town following the extension of Line 8 in the future.

In the building opposite, there is also a building that Eun Hyun-jang, a YouTuber with 1.3 million followers and the ‘God of Business’, purchased it for 6.5 billion won in June 2021. It is around 45 million won per 3.3㎡.

The loan is approximately 3.5 billion won, and considering acquisition tax and brokerage fees of 700 million won and deposit of 240 million won, the actual investment is estimated to be 3.45 billion won.

Meanwhile, Team Leader Jeon Ye-seong of Building Road Real Estate Brokerage Corporation runs the YouTube channel ‘Little Building Yongsik Ye-seong’ for real estate information.

(Seoul = News 1)

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2024-04-10 09:36:42

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