Lim Young-woong succeeded in investing in his agency...HQ building rises 2.6 billion market price in 4 years alone
Jan 26, 2025
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According to the music industry and the real estate industry on the 26th, Lim Young-woong's agency Fish Music purchased a building near Seongsan-dong, Mapo-gu, Seoul for 4.54 billion won in March 2021.
Four years later, the market price of the building is estimated at about 6.1 billion won. In other words, the value of the building has risen by more than 2.6 billion won in four years.
The building was completed in 2007 and consists of six floors above ground without an underground floor. The size is 290.90㎡ (88 pyeong) of land and 717.35㎡ (217 pyeong) of total floor area. Although it is not a station area because it is near the World Cup Buk-ro in Mapo-gu, it is considered to be in high demand because it is close to the area where entertainment industries such as broadcasting stations and broadcasting production companies are located. Currently, it is being used for actual use for the purpose of the Fish Music office building.
Fish Music seems to have spent about 2.3 billion won in cash on taxes and other incidental expenses, and borrowed the remaining amount from the bank. According to a copy of the registered copy, Fish Music has a collateral security of 3 billion won, the maximum amount of bonds, at the time of purchase of the building. However, it is analyzed that the near party was canceled in May last year, and the loan was fully repaid.
The real estate industry believes that the current price of the building is about KRW 6.1 billion even if it is conservatively calculated at KRW 69 million per pyeong, considering that the price per pyeong of the surrounding building is between KRW 71 million and KRW 81 million. Considering the market profit, it is evaluated as a successful real estate purchase case.
rightlight@sportschosun.com
