South Korean football star Son Heung Min has sold his luxury apartment in Seongsu-dong, Seoul, making a substantial profit of more than 3.1 billion KRW ($2.25 million).
According to official real estate registry documents released on September 5, Son sold his 140.3㎡ unit in the high-end residential complex Seoul Forest Trimage on March 22 for 5.5 billion KRW ($4 million). The transfer of ownership was completed on August 29 after the buyer paid the remaining balance.
Son originally purchased the property in May 2017, when Seoul Forest Trimage first opened, for 2.44 billion KRW ($1.8 million). After nearly eight years of ownership, he secured a profit of approximately 3.05 billion KRW ($2.2 million) from the sale.
At the time of purchase, a mortgage with a maximum secured amount of 1.96 billion KRW ($1.43 million) was registered, suggesting that Son likely borrowed around 1.6 billion KRW ($1.17 million) to finance the acquisition. The mortgage was officially cleared this May. The buyers, both born in 1990, reportedly paid the full amount in cash.
Son’s former unit consists of three bedrooms and two bathrooms, offering panoramic views of the Han River. It is located in a mid-floor unit of one of the “royal” buildings facing the river, regarded as one of the most desirable positions in the complex. At the time of the transaction in March, the sale set a new record price for that unit type. Since then, values have continued to rise, with the highest recorded price reaching 6 billion KRW ($4.4 million) in June.
Completed in 2017 with 688 households, Seoul Forest Trimage is recognized as one of the “Big Three” luxury apartments in the Seoul Forest area, alongside Acro Seoul Forest and Galleria Foret. The development played a major role in establishing Seongsu-dong as one of Seoul’s prime residential districts. It also became famous as the first apartment complex in Korea to introduce breakfast service for residents.
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