#ByeonWooSeok reportedly bought luxury Hannam The Hill Residence for KRW 13 billion in CASH 😱
Actor Byeon Wooseok, who gained syndrome-level popularity through the drama Lovely Runner, is reportedly the new owner of a luxury residence at Hannam The Hill in Hannam-dong, Seoul, having purchased the property for KRW13 billion (approximately USE9.4 million) entirely in cash.
According to the real estate and financial industry and the Supreme Court’s Internet Registry Office on September 10, Byeon Wooseok purchased a 235㎡ (approximately 2,530 sq ft) unit at Hannam The Hill in Yongsan-gu, Seoul, in May. He paid the remaining balance on September 2 and completed the transfer of ownership.
Considering that no separate mortgage or security interest is registered on the property, it is presumed that the purchase was made entirely in cash.
Built in 2011 on the former site of Dankook University, Hannam The Hill is a residential complex consisting of 32 buildings and 600 households.
Unlike conventional large-scale apartment complexes, Hannam The Hill differentiates itself through its large-sized residences, low floor-area ratio, and extensive landscaped areas, offering a distinctive residential environment. It is regarded as one of the representative developments illustrating the evolution of Korea’s luxury housing market.
The complex is particularly significant because it helped draw luxury-home demand, which had previously been concentrated mainly in the Gangnam area, to Hannam-dong, contributing to a renewed appreciation of Hannam-dong’s value as a residential area, according to industry insiders.
Hannam The Hill is reportedly home to numerous top executives from major Korean corporations, including Hong Beomsik, CEO of LG U+; Koo Donghwi, CEO of LS MnM; and Kim Kwangil, MBK vice chairman and co-CEO of Homeplus.
Several celebrities are also known to reside there, including Ok Joohyun, So Jisub, Choo Jahyun, Lee Yowon, Lee Youngja and Lee Seungchul.
Source: https://t.co/KlhOxk10Ba