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
Staff writer. Has been writing articles for HanCinema since 2012, having lived in South Korea since 2011. Started out in Gyeongju, then to Daegu, then to Ansan, then to Yeongju, then to Seoul, lived on the road for HanCinema's travel diaries series in the summer of 2016, and is currently settled in Anyang. Has good tips for utilizing South Korea's public bus system. William Schwartz can be contacted via email@example.com.
"[HanCinema's News] Building Owned by Bae Suzy Doubles in Value"
by HanCinema is licensed under a Creative Commons Attribution-Share Alike 3.0 Unported License.
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