EXO’s Sehun is reported to have seen a significant rise in the market value of his building.
According to the real estate brokerage corporation Building Road on November 10 KST, Sehun’s building—purchased in 2019—has increased in value by more than 1.6 billion won over the past six years. In September 2019, he acquired a six-story neighborhood commercial building in Sangdo-dong, Dongjak-gu, Seoul, under his own name for approximately 3.355 billion KRW.
That same property is now estimated to be worth around 5 billion KRW.
Sehun’s building is located along a main street in a prime area, just a one-minute walk from Exit 1 of Sangdo Station on Subway Line 7. The land area measures about 60 pyeong (approximately 198 square meters). Situated along an eight-lane road, the property is considered to have excellent visibility and accessibility.
The building’s previous owner had purchased it for 2.6 billion KRW in 2017 and sold it to Sehun two years later, earning a profit of approximately 750 million KRW.
The registered maximum collateral amount was 2.16 billion KRW, with the actual loan estimated at about 1.8 billion KRW. Including acquisition tax, brokerage fees, and legal expenses, the total purchase cost was roughly 3.55 billion KRW. It is estimated that Sehun invested around 1.75 billion KRW in cash to secure the property.
The building is currently fully leased by tenants suited to the area’s neighborhood commercial zone. The first floor houses a popular indoor pub that has been featured on television, the second floor is occupied by a practical music academy, and the third through sixth floors are leased to office tenants—minimizing the risk of vacancies.
Based on nearby sales, other buildings on the same street were traded at prices ranging from 69.49 million to 105 million KRW per 3.3 square meters (one pyeong) in 2022. Considering its proximity to the station, building age, road conditions, and overall quality, the current estimated price per pyeong for Sehun’s property is about 82.81 million KRW. Applying this to its 60-pyeong land area, the building’s current market value is estimated to be approximately 5 billion KRW.
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