Hyeri of Girl's Day Invests in Prime Real Estate in Seoul's Gangnam District

Hyeri, the singer and actress formerly of the group Girl's Day, has made headlines with her real estate investments in Seoul's affluent Gangnam district. Despite previously stating in interviews and on variety shows that she is not materialistic, Hyeri's property acquisitions tell a different story.

According to a report on the 1st, Hyeri purchased an aging multi-family residence in Samseong-dong, Gangnam-gu, in August 2022 for 7.75 billion KRW (approximately $5.8 million USD) under her family's corporate name.

The property is strategically located in a 'triple station area,' within walking distance of Seonjeongneung Station, where subway lines 9 and the Suin-Bundang Line intersect, and Gangnam-gu Office Station on line 7.

Hyeri reportedly demolished the existing structure to build a new one, featuring two basement levels and six above-ground floors. The total investment, including the purchase price of 7.75 billion KRW, transaction costs of 450 million KRW, and construction costs of approximately 2.5 billion KRW, is estimated to be around 10.7 billion KRW (approximately $8 million USD).

Kim Kyung-hyun, a representative from Building Road Real Estate Brokerage, stated, "The Samseong-dong building is currently seeking its first tenants with a total lease, offering a deposit of 400 million KRW and a monthly rent of 30 million KRW. When sold, the property could yield a profit of over 3 billion KRW."

In addition to this, Hyeri owns another building in Yeoksam-dong, Gangnam-gu. In December 2020, she acquired an old residential building for 4.39 billion KRW (approximately $3.3 million USD) through a corporation she established.

This building was also demolished and rebuilt, and its current market value is estimated to exceed 10 billion KRW (approximately $7.5 million USD), potentially generating a profit of at least 3 billion KRW upon sale.

Reported by Sojung Lee, TenAsia forusojung@tenasia.co.kr