It is identified that the current current market selling price of a constructing in Seocho-dong, Seoul, acquired by previous national basketball broadcaster Search engine marketing Jang-hoon for 2.8 billion gained at an auction in 2000, is presently at least 45 billion has to gain.
According to the true estate market on the 11th, this making owned by Search engine optimisation Jang-hoon is called ‘Small Building’ simply because it is lesser than the neighboring buildings.
Seocho-dong, Gangnam-gu, Seoul, received a bid for 2.87 billion won at an auction at a time when numerous low-cost construction things came out just after the IMF. The constructing has a website location of 376.9 square meters and has 2 basement stages and 5 floors above ground. The overall flooring place is 1474.9 square meters.
However, the benefit of this creating carries on to rise about time. It is located 7 meters from Yangjae Station Exit 2, a 1-moment stroll, and the opening of the Shinbundang Line at Yangjae Line Station has designed a constructive outcome of ‘double station area’. Presently, it is predicted that the monthly profits of 35 to 40 million gained is only from the lease of this constructing.
The ‘outdoor observe board’ also contributed to increasing the benefit of the creating. Recently, as regional governments have refused to install out of doors billboards in new buildings for motives these as highway aesthetics, the market estimates that the benefit of outdoor billboards by itself has been all around 15 billion received.
In addition to this small setting up, Seo Jang-hoon owns an extra developing in Heukseok-dong, Dongjak-gu, Seoul and Seogyo-dong, Mapo-gu. The Heukseong-dong making was obtained for 5.8 billion won in 2005, and the Heukseok-dong setting up is jointly owned by her mom. Web optimization Jang-hoon’s share is 70% and his mother’s share is 30%. With 2 tales underground and 7 stories previously mentioned, the creating location is 245.85 m2 and the whole ground spot is 1782.74 m2, and the present-day market price tag is 15 billion won.
The Seogyo-dong setting up on Club Road in Hongdae was ordered and owned for 14 billion received in 2019, 3 many years in the past, so Website positioning Jang-hoon’s true estate price is at this time estimated to be far more than 70 billion won.
Ji-min Jang, Guest Correspondent at Hankyung.com email@example.com