Daesung Purchases a Building in Gangnam, Seoul

Posted November 14, 2017 by

The building is located in Gangnam, one of the most expensive/luxury and upscale areas within Seoul. It is also near Apgujeongrodeo Subway Station (exit 5) which gives it good foot/walking access and easy availability. Apgujeongrodeo is a very high end, designer area for shopping and eating. It is like Rodeo Drive in California that is famous for having only the most high end/luxury/expensive shops. Daesung purchased the building for 31 Billion won (approx. $28 Million USD). The monthly rent of the building (that Daesung will earn) is about 85 million won (approx. $85,000 USD) and it is expected that the earnings will grow/rise about 4.4% per share. There is no known information on what his plans (if any) are for the building at this point in time.

Information, translation & photos via as tagged

Daesung Reportedly Purchases Multi-Million Dollar Real Estate In Gangnam

BIGBANG’s Daesung has reportedly become the owner of a building that is estimated to be worth around 30 billion won (approximately $26.9 million).

According to real estate company Won Building, Daesung recently purchased a building in the Gangnam district of Seoul that has eight floors above ground and two floors below ground. The building is in a prime location, situated on a main road near Apgujeongrodeo Station.

The real estate in question is said to be valued at 31 billion won (approximately $27.8 million), with an added acquisition tax of 1.43 billion won (approximately $1.28 million). With rent costing approximately 90 million won (approximately $80,700) a month, Daesung’s annual rate of return from acquiring the building is expected to be around 4.4 percent.

Source (1) via @soompi