Article: [Exclusive] Sistar Soyou sells Yeonnam-dong Building... market profit of 1.6 billion
Source: Maeil Economy
Sistar's Soyou (30) has also made a huge profit over her smart real-estate investment.
According to an exclusive report by Maeil Economy on the 18th, Soyou sold her Yeonnam-dong building that she purchased in 2016 for 1.57 billion won for 3.2 billion won.
Soyou purchased an old detached house in Yeonnam-dong located in a corner and remodeled it into a nice building. Since then, 'Yeon-tral' park gained popularity and the value of her building also increased. Currently, a famous Vietnamese sandwich is operating in the building.
Soyou made more than 1 billion won in profits with her hit song 'Some' with Junggigo and revealed in a variety program that she went into real-estate investment because of "anxiety over the future."
She stated, "Since it became difficult to own a house, my parents told me from when I was young to work hard and earn my own money. Since celebrities are freelancers, our income is not constant and if you make an album, your profits go into the red (negative). I became anxious thinking that I may not be able to work in the industry anymore after Sistar disbanded."
She added, "I don't enjoy luxury goods. I buy a gift for myself once a year and the joy doesn't even last a week. I try to abandon those greeds whenever I can."
- [+4,068, -111] Must be nice to be a celebrity. They're able to take out as many loans as they want to buy up buildings and make money. The rest of us aren't able to do this at all.
- [+3,769, -804] While IU is out donating 500 million won celebrities like Ha Jung-woo, Gong Hyo-jin, Soyou and Kim Tae-hee are buying up buildings for a quick profit. ~ IU is a celebrity too but its nice to see her positive influence in the industry~
- [+995, -105] It's not about ownership, it's about the government making half a billion off that..
- [+877, -28] Looking at rate celebrities are selling their buildings, I wonder if market has peaked. Are they just buying and selling? They're obviously getting consulting advice from experts..
- [+932, -104] Even though pre-tax profit is 1.6 billion, after-tax profit will be less than 500 million won if you take into account the remodeling fees, bank interest, acquisition and transfer tax.
- [+104, -3] It's a dangerous sign seeing all these celebrities sell all their buildings..
- [+44, -1] If she can't find a job, she can always work at the convenience storeㅋㅋ
- [+42, -4] Not like she did anything wrong but IU donated 500 million ㅋㅋ ㅋㅋㅋ