IU’s Gwacheon Building Value Increases by 1 Billion Won Since Purchase

By Yoona, Jeong

Mar 30, 2025

IU’s Gwacheon Building Value Increases by 1 Billion Won Since Purchase



It was analyzed that the Gwacheon building purchased by singer and actress IU seven years ago increased by 1 billion won compared to the purchase price.

Citing a building road real estate brokerage firm, the media outlet 'News 1' on the 30th purchased a building with a land area of about 691㎡ (209 pyeong) and one basement level to three floors above ground in Gwacheon-dong, Gwacheon-si, Gyeonggi-do for 4.6 billion won in March 2018. The current price of the building is estimated at about 5.6 billion won," he reported.

According to reports, the building was leased for office use at the time of purchase. IU bought the building at the time to use it as her mother's office and as a work space for junior musicians.




When IU bought this building, a collateral security right of 2.4 billion won, the maximum amount of bonds, was set. Considering that the maximum amount of total bonds is 120% of the loan, it is estimated that the building was purchased for about 2.9 billion won in cash, including incidental expenses, by taking out loans worth 2 billion won.

IU’s Gwacheon Building Value Increases by 1 Billion Won Since Purchase
However, it is reported that all of the collateral security rights have been canceled now. It can be seen that the entire 4.6 billion won was purchased in cash after paying off all the loans in the past.

The current building market price is estimated at about 5.6 billion won.




Meanwhile, IU played a double role in the Netflix series `I've Been Fulled' and performed enthusiastically.



jyn2011@sportschosun.com