Ha Ji-won, a 10 billion building ’empty’… “Estimated loss of 200 million per year”

Suspicion was raised that actor Ha Ji-won bought a building in Seongsu-dong, Seoul with a loan of billions of won, but suffered a huge loss. Interest rates have soared due to a rise in interest rates, but most of them are vacancies, so they are in the red.

On the 20th, the real estate industry estimates that the building in Seongsu-dong, which Ha Ji-won purchased under the name of Hae and Dal Entertainment메이저놀이터, which she founded in 2020, is losing more than 200 million won annually.

[Image source = Yonhap News]

In 2020, Mr. Ha purchased ‘Building 8’ in Seongsu-dong 2-ga for 10 billion won under the name of Haewadal Entertainment, which he is the representative of. The purchase price per 3.3㎡ (1 pyeong) is 128 million won. At that time, it was the highest price in Seongsu-dong. Compared to the transaction of similar buildings in the area last March at 76.49 million won per 3.3㎡, it is almost twice the amount.

The building has 8 floors above ground and 1 basement floor. Except for the optician on the first floor, all of them are known to be vacant. Except for the optician’s only store, the other floors were occasionally rented for short periods, such as Mr. Ha’s solo exhibitions or pop-up stores, but there were no annual leases.

The problem is that interest rates have risen sharply compared to 2020.

The estimated amount of Mr. Ha’s loan is 8 billion won. Assuming that the interest rate on the loan is 4% per year, the monthly interest will be about 26 million won even if the interest rate is small. This means that more than 300 million won a year goes out as loan interest.

However, the current estimated annual rental income of the building Mr. Ha purchased is 90 million won. This means that there is a high possibility of losing more than 200 million won a year because the interest on loans is much higher than the rental income. The rise in land prices in Seongsu-dong, where the building is located, is also modest.

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