Kim Hee-ae’s 12 Billion Won Building Is Now Worth 50 billion won After 18 Years

According to Building Road Real Estate, Kim Hee-ae purchased three lots of parking lots on the side of Dosan-daero in Cheongdam-dong, Gangnam-gu, Seoul, for 11.9 billion won in July 2006. The real estate is located seven minutes away from Apgujeong Rodeo Station on the Suinbundang Line and is on the so-called Cheongdam-dong Luxury Street, with global luxury brands such as Louis Vuitton, Gucci, and Armani located nearby.

Kim Hee ae

Kim Hee-ae purchased the property in 2006 for a parking lot, then started constructing a new building in 2020. The building has been completed with four basement floors and five ground floors. Currently, the new building houses dermatology and high-end flagship stores from the second basement floor to the fifth floor, while the third and fourth basement floors are used as parking lots and management spaces.

The current market price of the building owned by Kim Hee-ae is estimated at around 50 billion won. Moreover, as it is located on the luxury street in Cheongdam-dong, the value of future investments is highly valued as it is highly likely to increase the value of assets and stable rental income is expected.

Source: MyDaily