- By Srishti Pandey
- Tue, 17 Sep 2024 10:20 AM (IST)
- Source:JND
BTS Jungkook has proved he's not only a talented Kpop idol but also a savvy investor. Reportedly, the global sensation has reportedly earned a staggering 2.3 billion KRW profit from a real estate investment in Itaewon, Seoul, within just four years. According to reports from Korean media, Jungkook purchased a detached house in the affluent neighbourhood of Yongsan-gu, Itaewon, in December 2020. The purchase was made entirely in cash for approximately 7.63 billion KRW. Fast forward to 2024, and the property’s value has soared to around 10 billion KRW, earning him a significant profit.
Jungkook’s Itaewon house was originally spread over 637 square metres of land and had a floor area of 230.7 square metres, with two floors above ground and one basement. After purchasing the property, the BTS star obtained permission from the district office in 2021 to reconstruct the building. The new structure, still under construction, includes two basement levels and three above-ground floors. The total floor area now spans 1,161.04 square metres, while the building covers 348.05 square metres.
It has been reported by a local media outlet on Apr 4 that JUNGKOOK of @BTS_twt is demolishing the mansion he bought back in 2020 and is building a new 3-story luxury house in Itaewon. The construction is underway and it is reportedly to finish by May 31, 2024. 🏡#BTS #JUNGKOOK pic.twitter.com/Z6f0LL1BtK
— KPOP FAVE (@KPOPFAVE_) April 5, 2023
This prime real estate, located just 10 minutes from Itaewon Station, is situated in one of the most exclusive neighbourhoods in Seoul, often referred to as South Korea's Beverly Hills. The area is home to luxurious homes and embassies, making it a highly desirable location.
Currently, Jungkook is fulfilling his mandatory military service, having enlisted in December 2023 after releasing his solo debut album, GOLDEN. He is expected to complete his service and return home by June 2025. Despite his military duties, Jungkook hasn’t slowed down professionally. He released a new song, Never Let Go, for BTS FESTA 2024 on June 7. Additionally, his solo exhibition, GOLDEN: The Moments, was unveiled on August 30, and fans have been enjoying his Disney+ travel show with fellow BTS member Jimin, titled Are You Sure?!, which premiered on August 8.
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