BTS member Jin has reportedly purchased a building in Seoul.
According to a report by Biz Hankook on November 12th, Jin acquired a commercial building in Hannam-dong, jointly owned by former Ourhome chairman Gu Mi Hyeon and her children Lee Seok Ju and Lee Kyung Ah, for ₩9.60 billion KRW (about $7.18 million USD) on the 4th.
The building spans from basement level 1 to the 4th floor, with a total floor area of 303 square meters. Completed in May 1990, it is located in the heart of Hannam-dong’s commercial district.
Former chairman Gu Mi Hyeon’s family had purchased the building for ₩6.80 billion KRW (about $5.08 million USD) in July last year. After about one year and four months, they sold it to Jin for ₩9.60 billion KRW (about $7.18 million USD), making a profit of ₩2.80 billion KRW (about $2.09 million USD). This represents a significant gain in a short period.
This is not Jin’s first real estate investment. In July 2019, he bought a unit with a floor area of 233 square meters in Hannam The Hill, Yongsan-gu, Seoul, for ₩4.49 billion KRW (about $3.36 million USD). Later that November, he added another unit of 206 square meters, purchased for ₩4.27 billion KRW (about $3.19 million USD), expanding his real estate holdings.
Jin didn’t stop there. Last year, he reportedly purchased another unit in Hannam The Hill for ₩17.5 billion KRW (about $13.1 million USD) in cash, without any loan, which attracted significant attention at the time.
He later sold the property he had bought in July 2019 in April of this year for ₩12.7 billion KRW (about $9.50 million USD). Comparing just the purchase and sales prices, he made a profit of about ₩8.21 billion KRW (about $6.14 million USD) in roughly seven years.
With the recent purchase of the Hannam-dong building now public, interest is growing in Jin’s real estate activities. Having steadily increased his real estate assets from high-end residences to commercial properties, attention is focused on how he will utilize his newly acquired building going forward.