Purchase a parking lot and build a new building, achieving excellent return on investment

 

[GLOBAL ECONOMIC TIMES]  The Cheongdam-dong building owned by actress Kim Hee-ae is a hot topic as it has raised a market profit of about 40 billion won in 18 years. According to Building Road Real Estate Brokerage on the 27th, Kim Hee-ae purchased a parking lot with an area of ​​​​196.35 pyeong located on Dosan-daero, Cheongdam-dong, Gangnam-gu, Seoul in July 2006 for 11.9 billion won. At the time, the price per pyeong was about 60.61 million won, the highest bond amount was 3.6 billion won, and the loan principal was estimated to be about 3 billion won. The remaining 8.9 billion won appears to have been purchased in cash.

Kim Hee-ae operated the site as a parking lot for 14 years since 2006 and waited without any further development. Afterwards, construction of a new building began in 2020, and is currently completed as a building with 4 floors underground and 5 floors above ground.

Kim Hee-ae's investment success is said to be not just luck, but the result of a careful and meticulous investment strategy. It appears that the investment decision was made after predicting changes in the real estate market with a long-term perspective, along with the location of Cheongdam-dong.