Kim Tae Hee sells Gangnam building after 7 years and made a profit of over 12 million dollars!
Kim Tae Hee recently sold her building in Gangnam, which she purchased from 2014. According to a public report from the real estate industry, Kim Tae Hee sold the building she previously purchased in 2014.
It is known that in 2014 she bought the building for 13.2 billion yen ($11,831,084). The building is located near Gangnam Station, an extremely convenient location for business. She sold it at the end of March 2021 for 20.3 billion yen ($18,194,774), making a profit of 7.1 billion yen ($6,363,689).
It is known that not only took profit more than 6 million dollars, in the past 7 years she also rented a large-scale after-hours academy. She also famously reduced the rent in the building by 50% during the peak of the pandemic in 2020. It is predicted that she made 1 billion won ($896,298) per year in rent, after the reduction. maintenance costs.
Thus, she has made more than 6 million dollars in the past 7 years from renting it.
In total, she made more than 12 million dollars from this building. Indeed Kim Tae Hee is a business talent.