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Posted by Yaki-Jones Monday, August 15, 2022

Song Joong Ki's Itaewon house doubles in value after 6 years

AKP STAFF

Song Joong Ki's Itaewon house doubles in value after 6 years. 

According to industry reports on August 15th, Song Joon Ki's Itaewon house has more than doubled in value over the past 6 years. Song Joong Ki purchased the house back in November 2016 for approximately 10 billion KRW. Shortly afterward, he built 2-story high building with 3 basement levels on the premise. It's now reportedly worth more than 20 billion KRW. 

Meanwhile, it was reported Song Joong Ki has more than 50 billion KRW worth of a real estate. He currently resides in Nine One Hannam and owns condos in Chengdam and Hawaii. 

 

  1. Song Joong Ki
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tyger11
tyger113,360 pts Monday, August 15, 2022 1
Monday, August 15, 2022

So the house he bought didn't increase in value; it's a completely new building. How much profit he's accrued depends entirely on how much he spent having the new building built.

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MyongSukGim
MyongSukGim821 pts Monday, August 15, 2022 0
Monday, August 15, 2022

Ah, this house. Yes he bought the property and then basically rebuilt the entire building. In the process he messed up the street. causing much inconvenience to his neighbors. When the neighbors complained, he tried to say he owned the street. Song fixed the street when commanded to do do by the city. It still took many more months to do so. But it finally got done. Hope he enjoys his profit. Looks like it was a good business venture.

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