Image courtesy: Song Hye Kyo/ Instagram
Actress Song Hye Kyo has reportedly enriched her net worth by an astounding 6.00 billion KRW (approximately 4.50 million USD) without lifting a finger, thanks to her strategic real estate investments. According to a recent report by News1, this major financial boost comes from a property acquisition she made just three years ago, demonstrating her keen eye for lucrative opportunities in the real estate market.
In 2021, Song purchased a five-story building located at the entrance of the prestigious Hannam the Hill apartment complex in Seoul, one of the city’s most exclusive real estate areas. The property boasts a land area of 149.35 pyeong, along with a building area of 74.61 pyeong. The acquisition price was 19.5 billion KRW (around 14.6 million USD). At the time, the actress invested 11.5 billion KRW (approximately 8.63 million USD) in cash and financed the remainder through a bank loan, making the investment entirely in her name.
When Song initially bought the property, the land price was 131 million KRW (about 98,000 USD) per pyeong. However, this figure has since risen to 165 million KRW (approximately 124,000 USD), marking a substantial increase in value. Given that the building itself was constructed in 1989, its value is primarily appreciated based on the land rather than the structure. Consequently, the current market value of Song’s property is estimated at 25.5 billion KRW (around 19.2 million USD), which means she has gained a remarkable 6.00 billion KRW over her initial investment in just three years.
This impressive financial achievement is particularly noteworthy considering Song Hye Kyo’s status as one of the highest-paid actresses in the Korean entertainment industry. While her acting career has already provided her with considerable wealth, her savvy real estate investments have taken her financial success to a whole new level. This venture not only showcases her talent for making wise investment choices but also highlights her ability to expand her wealth beyond her primary profession. As the real estate market continues to evolve, Song Hye Kyo’s investment decisions prove that with the right opportunities and insights, it is possible to increase one’s net worth even without active engagement in day-to-day work.
In 2021, Song purchased a five-story building located at the entrance of the prestigious Hannam the Hill apartment complex in Seoul, one of the city’s most exclusive real estate areas. The property boasts a land area of 149.35 pyeong, along with a building area of 74.61 pyeong. The acquisition price was 19.5 billion KRW (around 14.6 million USD). At the time, the actress invested 11.5 billion KRW (approximately 8.63 million USD) in cash and financed the remainder through a bank loan, making the investment entirely in her name.
When Song initially bought the property, the land price was 131 million KRW (about 98,000 USD) per pyeong. However, this figure has since risen to 165 million KRW (approximately 124,000 USD), marking a substantial increase in value. Given that the building itself was constructed in 1989, its value is primarily appreciated based on the land rather than the structure. Consequently, the current market value of Song’s property is estimated at 25.5 billion KRW (around 19.2 million USD), which means she has gained a remarkable 6.00 billion KRW over her initial investment in just three years.
This impressive financial achievement is particularly noteworthy considering Song Hye Kyo’s status as one of the highest-paid actresses in the Korean entertainment industry. While her acting career has already provided her with considerable wealth, her savvy real estate investments have taken her financial success to a whole new level. This venture not only showcases her talent for making wise investment choices but also highlights her ability to expand her wealth beyond her primary profession. As the real estate market continues to evolve, Song Hye Kyo’s investment decisions prove that with the right opportunities and insights, it is possible to increase one’s net worth even without active engagement in day-to-day work.