Actress Gong Hyo-jin put up for sale the Seogyo-dong building she purchased for 6.3 billion won in 2016. The desired price is 16 billion won, an increase of about 10 billion won. If the transaction is completed at the desired price, a profit of 10 billion won will be made in 7 years. According to the real estate industry and Value Map on the 4th, Gong Hyo-jin put the building
she owns, 366-7 ‘ ROY714’ , Seogyo-dong, Mapo-gu, Seoul, up for sale for 16 billion won. The price is around 103 million won per 3.3㎡ of land.
According to a copy of the real estate register, the building in question was purchased by Roy 714, a building rental company, for 6.3 billion won in January 2016. ‘Roy 714’ is a corporation in which Gong Hyo-jin owns 50% of the shares and is the representative. It appears that they took advantage of the fact that when purchasing real estate in the name of a corporation, more money can be borrowed than when purchasing as an individual, and interest rates are applied at a favorable rate.
Gong Hyo-jin took another building she owned in Hannam-dong as collateral and placed a lien on the building, amounting to a maximum of 12 billion won.
Immediately after purchasing, he demolished a two-story single-family home building and completed construction of a new building with a total of nine floors, three floors underground and six floors above ground, in September 2017. The total floor area is 1745.09㎡, which is much larger than before thanks to the new construction.
The analysis is that the purchase of low-rise buildings레고토토 and bold new construction increased the value of the buildings. In particular, it appears that he would have saved on income tax at the time of purchase by selling the building in the name of a real estate rental business corporation that he represents, rather than in his personal name.
The rental status of this building, located on the Street of Arts at Hongik University entrance, is around 42 million won in monthly rent with a deposit of 580 million won. For buildings under an individual’s name, a 40% tax is levied on rental income, but if you form a corporation and conduct a rental business, the income tax is reduced to half.
Experts predicted that even after deducting the cost of new building construction, there would be at least 5 billion won in market profit.
An industry official said, “Considering that it is a design-adjusted building, the new building cost in 2017 would have been 8 to 9 million won per 3.3㎡,” adding, “If the construction cost of about 4 billion won is deducted, if it is sold for 16 billion won, the cost is 5 billion won. He said, “We are expecting greater market profit.”
Jeong Gyeong-jin, a researcher at Value Map, said, “The average price of business and commercial facilities recently traded in Mapo-gu was 80 to 90 million won, and most of them were located in Seogyo-dong, Yeonnam-dong, and Hapjeong-dong.” He added, “The fact that the buildings in question were newly built after remodeling and the future value near Hongdae, etc. Considering this, the price of 100 million won per 3.3㎡ does not seem very high,” he explained.