TWICE’s Jihyo buys 4 billion KRW worth Seoul building; reports suggest 40-year-old property’s rising valuation

Jihyo obtained a distinguished property in Seongdong-gu, Seoul, as per a file by Okay-media outlet Chosun Biz on Could well 2. The deal for the building modified into finalized at 4 billion KRW in March of the old twelve months. Despite being 40 years worn, the building is anticipated to lengthen in price. It highlights Jihyo’s alternate sense and monetary vitality. With the fresh purchase, she grew to develop into a building owner at upright 27 years of age.

The TWICE leader purchased the appreciating asset by the end of March 2024, with the stability paid in fleshy and ownership being transferred quickly after. As per experiences, no mortgage modified into registered and thus, it is seemingly the purchase modified into made completely in cash. The property Jihyo purchased lies a 10-minute race from the bustling business home of Seongsu-dong. It’s miles found within the future of the Seongsu Strategic Upkeep District, a essential redevelopment zone.

Besides the redevelopment zone advantages, its closeness to the Han river and Seongsu Plot is anticipated to elevate its price. Thus, its hefty be conscious impress of 4 billion KRW (2.8 million USD) appears justified. The building spans a land home of 152 sq. meters and has a entire floor home of 330.21 sq. meters, with an estimated land price of spherical 86.ninety 9 million KRW per sq. meter. As per specialists, the worth of the property is to lengthen a great deal within the approaching years, and Jihyo seemingly invested in it for the identical reason.

The investment showcases the Okay-pop artist’s monetary acumen and skill to safe savvy choices. The Seoul property modified into in-constructed June 1986 and contains a basement and three floors above ground. The building’s present tenants encompass a exact property agency and drinking locations on the bottom floor, locations of work on the second floor, and residential spaces on the third floor. The TWICE vocalist registered the non-public condo location final April 2024 after which got certification as a housing condo alternate operator.

This registration qualifies her for tax advantages, including acquisition tax advantages. On the opposite hand, she’s now arena to regulations love a 5% rent lengthen, adhering to a crucial condo duration, and securing lisp insurance protection as per the Special Act on Non-public Rental Dwellings.