Trot Singer Tae Jin-ah Lists Itaewon Building for 35 Billion Won, Potential 30 Billion Won Profit

Trot singer Tae Jin-ah has put a building located in Itaewon-dong, Yongsan-gu, Seoul, on the market for 35 billion won.

According to media reports on the 14th, Tae Jin-ah listed the building, which he purchased in February 2013 for approximately 4.7 billion won (including taxes). The property spans one basement level and five above-ground floors.

The building currently houses a directly managed cafe and restaurant on the first floor, and the third floor serves as the office for Tae Jin-ah's agency, Jin Ah Entertainment. Its prime location near Itaewon Station on Subway Line 6 is set to further improve with the upcoming opening of Dongbinggo Station on the Sinbundang Line within 600 meters.

Moreover, the vicinity is experiencing significant development, including the 'The Parkside Seoul' complex development project on the former UN compound site scheduled for completion in 2027, and the 'Eterno Yongsan' luxury residential complex under construction on the opposite Crown Hotel site. These ongoing developments are expected to boost the building's future value.

A real estate expert noted that the building is being sold for 35 billion won, reflecting the various positive development factors in the area, and described it as an excellent acquisition considering its use and future potential.

Tae Jin-ah is a renowned trot singer in South Korea, celebrated for numerous hit songs that have garnered widespread popularity. Beyond his music career, he has also established himself as a successful businessman, with particular interest in real estate investments. This latest sale of his Itaewon building highlights his astute business acumen and successful investment strategies.