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“A whopping 87.4 billion won was lost.”
Baseball manager Lee
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Seungup, finally achieved with 16 years of investment
It was found that the price of the building in Seongsu-dong, Seongdong-gu, Seoul, which Lee Seung-yeop purchased 16 years ago, has nearly tripled.
According to the real estate platform Value Map on the 15th, the market price of Lee Seung-yeop’s building as of last month was 116.7 billion won. Considering that Lee Seung-yeop purchased it for 29.3 billion won in July 2009, the market profit alone is 87.4 billion won.
This building, located on the main street near Ttukseom Station on Subway Line 2, is 3 stories underground and 10 stories above ground and was completed in 1991. It was built with a land area of 1,489㎡ (450.42 pyeong) and a total floor area of 9,881㎡ (2,989.14 pyeong), and is known to have only 5 elevators.
At the time of purchase, the bond amount was 11.6 billion won, and Lee Seung-yeop is estimated to have purchased about 19.3 billion won in cash, and the remaining loan amount is estimated to be 6.1 billion won.
At the time of purchase, it was in Lee Seung-yeop’s personal name, but he later gifted it to his spouse and children, and it is now jointly owned.
In May 2020, it became known that the building across from Lee Seung-yeop was traded for 129 million won per pyeong, and in June last year, the value of the building was assessed at 70.7 billion won, but it is known to have increased by more than 40 billion won in just a year.