Comedian and broadcaster Song Eun-i (52) has reportedly seen her corporate-owned building increase in value by 7 billion won after just 5 years of acquisition.
According to a report by News1 on the 6th, the current market value of the building owned by her corporation, Content Lab Vivo and Media Lab Siso, is approximately 15.7 billion won. After purchasing it for 5.04 billion won and constructing a new building, a capital gain of about 7 billion won is expected after 5 years.
From December 2020 to March 2021, Song Eun-i purchased 5 plots of land (413㎡·125 pyeong) in Sangam-dong for 5.04 billion won. At the time of purchase, there were 2 commercial buildings and 1 single-family house, but these were demolished to build a new structure with a total floor area of about 1,221㎡ (370 pyeong). The construction cost is estimated to be about 3.33 billion won, calculated at 9 million won per pyeong (3.3㎡).
The building consists of 7 floors, with 1 basement level and 6 above ground. It is a 5-minute walk to DMC (Digital Media City) station, which is a transfer station for the Airport Railroad, Line 6, and Gyeongui-Jungang Line.
The maximum amount of the mortgage recorded in the registry is 7.32 billion won, and considering that the maximum amount of the mortgage is typically 120% of the loan amount, it appears that Song Eun-i has taken out a loan of about 6.1 billion won, including facility funds.
After subtracting the loan amount from the land and construction costs of 8.7 billion won, the actual investment amount is about 2.6 billion won. Considering that the current market value is estimated to be around 15.7 billion won, a capital gain of 7 billion won is expected after 5 years of land acquisition.
Previously, Song Eun-i humbly stated through her YouTube channel regarding the title of “100 billion asset owner,” “I don’t know where that came from. I don’t have 10 billion.” She also explained, “(The office building) is 80% bank money,” and “I think it’s spacious, but it’s a thin building.”
