TWICE’s Jihyo buys a 4 billion won building in her 20s, proving she's one of the youngest wealthy stars
TWICE’s Jihyo has made headlines after purchasing a building worth a staggering 4 billion won in her 20s.
On May 2, Herald Economy reported that Jihyo bought a building in Seongdong-gu, Seongsu-dong 2-ga, Seoul, in early March of last year.
By the end of that month, she had completed the full payment and transferred ownership, with no mortgage attached, suggesting that the property was purchased entirely with cash.
Just a month after the purchase, Jihyo registered as a housing rental business operator and completed the registration for private rental housing.
As a housing rental business operator, she is eligible for tax benefits, such as reduced acquisition tax. However, she is also subject to certain regulations, including a 5% cap on rent increases, compliance with rental periods, and mandatory insurance for tenant deposits.
The building, which was built in 1986, has a land area of 152㎡ (45.98 pyeong) and a total floor area of 330.21㎡ (99.89 pyeong). It includes one basement level and three floors above ground.
The property is situated in Seongsu Strategic Redevelopment Zone 2, an area currently undergoing redevelopment.
Given the area's future potential, it is believed that Jihyo's investment is more focused on the property's long-term value rather than immediate rental income.