“Bought for 11.6 billion won, now worth 47 billion” ... Lee Jong-suk’s real estate value changes over 11 years

[Financial News] The value of the two luxury homes actor Lee Jong-suk owns in Hannam-dong, Yongsan District, Seoul, is estimated at around 47 billion won. Their combined purchase price was 11.6 billion won, and based on current estimated market values, it has risen by around 35.4 billion won.
On the 7th, a video analyzing Lee Jong-suk’s real estate holdings and their price increases was posted on the YouTube channel “Wonder Planet (wander planet).”
The first home Lee Jong-suk purchased was in La Terrasse Hannam, a luxury residential complex in Hannam-dong. According to the channel, he bought a 284-square-meter unit (about 85 pyeong) in March 2015 for 4.3 billion won. The complex was reportedly offered at a discount of at least 50% from its original sale price after its builder, Tongyang Group, ran into financial difficulties.
The current market value of a unit of that size at La Terrasse Hannam is estimated at around 20 billion won. That is about 15.7 billion won higher than the price Lee paid, meaning its value has increased around 4.7-fold over 11 years. He reportedly continues to own the home without selling or renting it out.
Another home Lee owns is Nine One Hannam in Hannam-dong, where he has lived since 2019. The unit he chose has an exclusive area of 334 square meters (about 101 pyeong), making it the largest in the complex. Its sale price at the time was around 7.3 billion won.
Nine One Hannam was offered under a “lease first, sell later” arrangement, with units rented out for a set period before being sold. Lee reportedly lived there as a tenant for about two years before acquiring ownership. The current estimated market value of a unit of that size is around 27 billion won. That is about 19.7 billion won above its sale price, with its value rising around 3.7-fold.
La Terrasse Hannam and Nine One Hannam cost 4.3 billion won and 7.3 billion won, respectively, for a combined 11.6 billion won. Their current estimated value is 47 billion won, or 35.4 billion won more than their purchase price. However, this figure is based on estimated market values, not actual transaction prices, and does not include taxes or transaction costs.
Nine One Hannam, regarded as one of South Korea’s leading ultra-luxury residential complexes, is reportedly home to several well-known celebrities. They include singer G-Dragon and BTS members RM and Suga. Actor Ju Ji-hoon, who appeared alongside Lee Jong-suk in the Disney+ original series The Remarried Empress, is also reportedly a resident of the complex.
Including Lee Jong-suk’s other real estate holdings, the estimated value of his total property assets is reportedly more than 63 billion won. This figure is also based on the combined market valuations, however, and may differ from actual transaction prices. Since it does not deduct liabilities such as loans, it is also different from his net worth.
Meanwhile, Lee Jong-suk is appearing as Heinrey in the Disney+ original series The Remarried Empress.
[email protected] Han Seung-gon Reporter