Kang Ho-dong sells Garosu-gil Building for 16.6 billion...Market profit of 2.5 billion won in 6 years alone
Dec 16, 2024
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According to the Ministry of Land, Infrastructure and Transport's actual transaction price disclosure system on the 16th, Kangho-dong sold a building with one basement and five floors above ground on Garosu-gil in Sinsa-dong, Gangnam-gu, Seoul for 16.6 billion won on November 20. It is characterized by being located on the side of Garosu-gil Boulevard, and famous brand stores are concentrated.
Kang Ho-dong purchased the building for 14.1 billion won in June 2018. Since then, Kang Ho-dong has sold the building for the first time in six years, making a profit of about 2.5 billion won.
The site area of the building, which was completed in 1992, is 253.95㎡ (58.11 pyeong) and the total floor area is 593.17㎡ (179.43 pyeong).
The maximum amount of bonds in the register is set at 8.4 billion won. Considering that the maximum bond amount is usually set at 120% of the loan amount, Kang Ho-dong is estimated to have borrowed 7 billion won, 50% of the purchase price.
In this regard, the expert is estimated to have made no significant gains after paying the transfer tax"It seems that the transaction has recently stagnated, with vacancies on the main street of Garosu-gil, and that it has been sold at a much lower price than the asking price." Kang Ho-dong is estimated to have paid 648 million won in acquisition tax and 1 billion won in capital gains tax, respectively.
anjee85@sportschosun.com
