AKMU’s Lee Chan-hyuk Nets 43% Profit on Hongdae Building
Jul 20, 2025
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According to the real estate industry on the 20th, Lee Chan-hyuk purchased a building with one basement floor to four ground floors located near Hongik University Station in Seoul for about 4.75 billion won in 2020. In the process, about 1.8 billion won was raised through loans.
The building is located in the center of the commercial district and has an excellent location as Hongik University Station is within a 3-minute walk. The building, which was completed in 1989, was remodeled in 2016 and is in excellent management. Real estate brokerage firm 'Building Road Real Estate' valued the market price at about 71.8 million won per pyeong and analyzed the current market price at about 6.8 billion won.
Lee Chan-hyuk reportedly signed a contract at a price about 20% lower than the surrounding market price at the time of purchase, and made a profit of about 43% based on the current standard. The rental yield is 3.15% based on some spaces and up to 4.5% for all leases.
In particular, Lee Chan-hyuk has been using the basement floor and the first floor of the building to directly operate the exhibition space 'inspired spring site' and also used it as a venue for cultural content. The space is so popular that it is operated on a pre-booking basis.
narusi@sportschosun.com
