”Real estate millionaire” actor Song Seung-ho sells his building for 2.7 billion yen... market profit of over 200 million yen in 6 years

Actor Song Seung-ho sold a building he owns and made a profit of 2.5 billion won (about 266.8 million yen).
In November last year, Nghong sold a building in Jongno-gu, Seoul, which he owned under a corporate name, for 25.9 billion won (about 2.7625 billion yen).
Song Seungho bought the building in June 2018 for 23.5 billion won (about 2.35 billion yen).
The building, which was the legal entity of Seungho's family company Storm S Company, has 7 floors above ground and 1 basement floor, a total floor area of about 531 pyong (1,756.9 square meters), and a land area of about 82 pyong.
At the time of the purchase of the building, it was confirmed that the building had a mortgage of about 15,297,600,000 won (about 1,529,760,000 yen) from a city bank, and the amount of the mortgage was about 1,300,000 yen.
It is believed that he borrowed 100 billion won (approximately 1.3 billion yen) to purchase the building. If we calculate this, he made 2.5 billion won in market profits over six years.
Song Seungho is known as a real estate whiz. In addition to the buildings he recently sold, he also bought the Seoul Sochi Building in 2006.
The company purchased the building, which has one basement floor and four aboveground floors and is located along a main street in Jamwon-dong, Yeo-gu, for 11.4 billion won (approximately 1.14 billion yen).
In 2015, he also acquired a number of real estate properties, including an old shopping street nearby for 3.65 billion won (approximately 365 million yen).
Meanwhile, Song Seung-ho recently starred in the movie "Hidden Feis."