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Lee Soo-geun's Sangam-dong Building Listed for Higher Price After 4 Years Vacant, Why the Bold Asking Price? [Real Estat
๐Ÿ‡ฐ๐Ÿ‡ท South Korea /Economy & Trade

Lee Soo-geun's Sangam-dong Building Listed for Higher Price After 4 Years Vacant, Why the Bold Asking Price? [Real Estate Time Machine]

From Chosun Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Sources not specified Context piece
  • A commercial building in Sangam-dong, Seoul, owned by the wife of celebrity Lee Soo-geun, has been put back on the market with a higher asking price.
  • The building, previously owned by Song Eun-yi, was first listed for 3 billion won last year but is now listed for 3.2 billion won, a 200 million won increase.
  • Despite being vacant for four years, the owner has raised the asking price, drawing attention from the real estate market.

A commercial building in Seoul's Sangam-dong, once owned by entertainer Song Eun-yi and later listed by celebrity Lee Soo-geun's wife, has reappeared on the market with an increased asking price. The property, initially listed for 3 billion won last July, is now seeking 3.2 billion won, a rise of 200 million won.

This 'small building,' as it's described, has reportedly been vacant for four years. Despite the prolonged vacancy, the owner has opted to raise the asking price, a move that has garnered attention within the real estate industry. The property is owned by Park Ji-yeon, Lee Soo-geun's wife.

The building's reappearance on the market with a higher price tag, despite its vacancy, raises questions about the owner's strategy and market expectations in the Sangam-dong area.

DistantNews Editorial

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.