South Korean actor Lee Jong Suk has expanded his real estate portfolio with a high-value purchase in one of Seoul’s most exclusive neighborhoods. He acquired a building worth about 16.2 billion won, which equals roughly $10.8 million. Notably, he reportedly paid more than half of the amount in cash.
According to Chosun Biz, the property sits in the upscale Cheongdam district of Seoul. Meanwhile, official records from the Supreme Court registry confirm that the ownership transfer was completed on February 27, following a contract signed on December 29, 2025. This timeline highlights a fast-moving luxury deal in one of Asia’s most competitive property markets.
The building occupies a 234-square-meter land area and uses reinforced concrete construction. It includes five floors above ground and one basement level. Additionally, the structure is nearly new, as authorities issued its occupancy permit in January of the previous year. Each floor offers varying space distribution, with the first floor measuring 144.95 square meters and upper floors ranging between 71.99 and 123.91 square meters.
Financial records show a senior mortgage of 7.2 billion won tied to the property. However, banking standards in South Korea suggest lenders typically secure up to 120% of loan value. As a result, analysts estimate the actual loan sits near 6 billion won. Consequently, Lee appears to have funded around 10 billion won in cash, reinforcing his strong liquidity position.
Real estate experts interpret the purchase as a strategic investment move. They argue that Cheongdam remains one of Seoul’s most valuable luxury zones due to limited supply and consistent appreciation. Furthermore, the building lies along the “Heritage Line,” an area known for ultra-premium residences like PH129 and Eterno Cheongdam.
Additionally, industry insiders believe the asset holds strong long-term growth potential. Lee has also invested in other prime Seoul neighborhoods, including Hannam and Sinsa. Over time, he has benefited from rising property values and renovation-driven appreciation.
