Actor Hyun Bin is surprised at the current market value of a commercial building he bought 12 years ago for 480 million yen

Actor Hyun Bin is drawing large audiences with his passionate performance as An Jung-geun in the recently released movie "Harbin," and public interest is also focused on the building he invested in.
Recently, according to the real estate industry, Hyun Bin was acquired in September 2013 at the southern end of Yeongdong Bridge, Cheongdam, Gangnam-gu, Seoul.
The company purchased an old house measuring approximately 330 square meters on a plateau behind Dosan Street in Cheongdam-dong for 4.8 billion won (approximately 480 million yen).
Hyun Bin demolished the building that stood there at the time and renovated the new building, which has 4 basement floors and 7 aboveground floors, in 2015.
A small commercial building (total floor area 481 pyeong) was built directly. The cost of the new building is estimated to be 2.5 billion won (approximately 250 million yen) including demolition, design and supervision costs, as well as other incidental costs.
Including the investment, it is believed that the total investment was about 8 billion won (about 800 million yen) at the time. Hyun Bin completed the building ownership registration under the name of his family corporation and built the building entirely in cash without borrowing.
Currently, three floors of the building are used by the actor's agency. The other floors are occupied by tenants of related businesses in the Cheongdam-dong area.
The current market value of this building is estimated at 14 billion won. The land of Hyun Bin Building is priced at 200 million won per pyeong.
Multiplying this by the area of 110 pyeong brings the total to an estimated 22 billion won (approximately 2.2 billion yen). The Cheongdam Public Apartments and Cheongdam Hyundai Apartments are located nearby, and the area is also near Cheongdam Station on subway line 7.
It is also convenient to nearby Olympic Boulevard, Dongbu Highway, and Yeongdong Boulevard. Hyun Bin also built a luxury apartment building called "Mak
He bought the "Hills" apartment for 2.7 billion won (approximately 270 million yen), lived there for 11 years, and sold it in 2021 for 4 billion won (approximately 400 million yen).
It is also known that he owns a penthouse worth 4 billion won in Jiul Village. Meanwhile, the movie "Harbin" has been ranked number one at the box office for 23 consecutive days since its release, and is currently selling 40,000 units.
The audience is on the verge of surpassing 500,000.