Lee Jong Suk has added another prime property to his portfolio, purchasing a five-story building in Seoul’s upscale Cheongdam neighborhood for 16.2 billion won ($11 million).
According to real estate records filed on April 8th, the actor completed the ownership transfer on February 27th for the building located in Gangnam District. The deal was originally signed on December 29th.
The property sits on a 234㎡ lot and spans one basement level to five floors above ground. The newly built structure—approved for use in January last year—features a mix of retail and commercial spaces.
Records also show that a mortgage of 7.2 billion won ($4.9 million) was set on the property. Given typical lending practices, the actual loan is estimated at around 6 billion won ($4 million), meaning Lee Jong Suk likely covered over 10 billion KRW ($6.8 million) in cash.
Experts say the purchase appears to be a strategic investment. Cheongdam is known for its steady rental demand and strong property value resilience, particularly in high-end areas near luxury residential complexes.
The building’s location—along a stretch often referred to as a “Heritage line” with ultra-luxury developments—adds to its long-term value potential. Analysts also note that its relatively new construction could help minimize maintenance costs while maximizing rental returns.
Lee Jong Suk has previously invested in key Seoul neighborhoods like Hannam and Sinsa, often increasing property value through renovations or timing the market—cementing his reputation as a savvy real estate investor.
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