Kang Ho-dong sells Garosu-gil building for 16.6 billion won...

2024-12-17 18:11:03

2.5 billion won profit?

In reality, there is a high possibility of loss.

It appears that Kang Ho-dong sold the building he purchased for 14.1 billion won in 2018 with a market profit of 2.5 billion won after 6 years.

The decline in the value of the building is closely related to the downturn in the Garosu-gil commercial district.

Garosu-gil, which was once the center of Gangnam's commercial district, is experiencing difficulties as rental demand has plummeted due to the rise of new commercial districts such as Apgujeong Rodeo and Seongsu-dong.

Industry insiders expect the slump in the Garosu-gil commercial district to continue and are evaluating Kang Ho-dong's decision to sell as a wise one.

 

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