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[HanCinema's News] Building Owned by Bae Suzy Doubles in Value

2020/09/28

Bae Suzy's Instagram

Real estate filings released on September 25h revealed that Bae Suzy has made a sound real estate investment. In April of 2016 the actress and singer purchased a building in the Samsung neighborhood of the Gangnam district of Seoul. The deposit was approximately 200,000 dollars, with a bond of 1.7 million dollars and equity of 1.8 million dollars, for an effective purchase price of 3.7 million dollars. With an effective rent of 15,000 dollars, this has allowed for a profit of around 5.6%.

However, in the four years that have elapsed since this sale the building has undergone a tremendous increase in value. Its purchase price is now estimated to be around 6.5 million dollars. The improvement in the value of the property is largely owed to increased development in the Samsung neighborhood. The building is located close to the number nine subway line as well as the newer Bundang line, in addition to developing high class residential neighborhoods and international business centers.

The property's value is only expected to improve in the future, as all of these continue to converge to improve the value of the neighborhood. It is not known to what extent Bae Suzy is managing the property herself. Bae Suzy will soon return to television dramas on October 10th with "Start Up", her first role since "Vagabond" last year. Appropriately, "Start Up" will feature Bae Suzy playing an aspiring entrepeneur.

Written by William Schwartz

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Creative Commons License"[HanCinema's News] Building Owned by Bae Suzy Doubles in Value"
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