TWICE’s Jihyo joins the long list of expensive celebrity homeowners; she purchases a 4 billion KRW property in Seoul

Recently, a popular Korean media outlet shared the news that TWICE member Jihyo is joining the long list of celebrity homeowners. The idol recently spent her money and bought an almost 40-year-old property building in Seoul. The property is close to a commercial area as well as the Han River, making it a prime investment opportunity for the idol.
Jihyo recently made a hefty purchase by investing in an almost 40-year-old building in Seongdong-gu, Seoul. The overall price was finalised last year in March at a total amount of 4 billion KRW in total. While the building may be old, it is also reportedly being anticipated that the overall value of the building will increase in the coming future.
The news was reported by K-media outlet Chosun Biz recently. By the end of March 2024, everything was settled, and soon after, Jihyo officially became a property owner. As per the same reports, there was no mortgage registered publicly, which points to the fact that the payment may have been made completely in cash.
Another factor that may contribute to rising value is that the property Jihyo bought is only a 10-minute walk away from the main and commercial area of Seongsu-dong. The building is also located in a famous redevelopment area called Seongsu Strategic Maintenance District. Other than that, it is also close to the Han River and Seongsu Station, making it a prime location.
The building covers approximately 152 square meters with a total floor area of 330.21 square meters. Per square metre, the property’s land value costs 86.99 million KRW. According to the same reports from the news channel, the property is set to only rise in valuation due to its prime location and the area surrounding it, as per critics.