Actress Ha Ji Won bought a building in Seongsu-dong, Seoul, with billions of won in loans, but there are suspicions that she is losing money. Interest rates have risen sharply due to rising interest rates, and the building is in the red because it is mostly vacant.

On the 20th, the real estate industry estimated that the Seongsu-dong building, which Ha Ji Won bought in 2020 under the name of her company, Hwadal Entertainment, is losing more than 200 million won a year.

[Image source=Yonhap]

In 2020, Ha purchased Building 8 in Seongsu-dong 2-ga for 10 billion won under the name of his company, Haewadal Entertainment. The purchase price per 3.3㎡ (1 pyeong) was 128 million won먹튀검증. It was the highest price in Seongsu-dong at the time. In March, a similar building in the area sold for 76.49 million won per 3.3 square meters.

The building has 8 floors from the basement to the first floor. All of them are reportedly vacant except for an optician on the first floor. Other than the only optician, the other floors were only rented out on a short-term basis, such as for Mr. Ha’s occasional solo exhibitions or pop-up stores, but there were no annual leases.

The problem is that interest rates have risen sharply since 2020.

The estimated amount of Ha’s loan is 8 billion won. Assuming an interest rate of 4% per annum, the monthly interest payment would be around 26 million won, even with a small amount of interest. That’s more than 300 million won a year in interest.

However, the estimated annual rental income of the building Mr. Ha bought is 90 million won. This means that he is likely losing more than 200 million won a year because he pays much more in loan interest than in rental income. The land prices in Seongsu-dong, where the building is located, have also not increased much.

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