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Hidden risks and opportunities of pension operation

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I happened to see it for sale on Naver Cafe.

It’s in Yesan, South Chungcheong Province…

They say there are 11 two-story buildings with 850 pyeong of land and 430 pyeong of buildings.

Price: 3 billion (including loan of 1.2 billion)

I think there are almost 11 independent houses.

This is the price of a 20 pyeong apartment in Gangnam.

It’s about an hour and a half away from Seoul.

Since the pension business is going out of business, it seems like there will be a lot of properties like this coming up for sale in the future.

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