Yunho from TVXQ made a profit of 24.5 billion won from a building he bought in 2016, with significant appreciation over 8 years.
September/30/2024 12:14
TVXQ's Yunho reportedly made a profit of 24.5 billion won (about 2.675 billion yen) from a building he acquired in 2016. According to South Korean media News1 on the 29th, Yunho contracted to buy a building in Songpa District, Seoul, in October 2016 for 16.3 billion won (about 1.7814 billion yen), at a price of 37.89 million won (about 4.15 million yen) per 3.3 square meters. Completed in 1983, the building has a basement level and five floors above ground, with a site area of 430 pyeong, a building area of 189 pyeong, and a total area of 1186 pyeong. Currently, Samsung Life is a tenant. The building is located right in front of exit 9 of Cheonho Station, with the Hyundai Department Store Cheonho branch diagonally across. Yunho purchased the building under the name of a family corporation where his father serves as CEO. Of the 16.3 billion won purchase price, 12.7 billion won (about 1.389 billion yen) was invested in cash, while the remaining 3.6 billion won (about 393.28 million yen) was financed through a loan. The media reported that if acquisition tax, legal fees, and brokerage fees are included, the purchase price is estimated to be about 17.3 billion won (about 1.8995 billion yen). Kim Kyung-hyun, an agent from Building Road Real Estate, explained that looking at nearby transaction cases, prices range from 64.55 million won (about 705,000 yen) to 74.54 million won (about 814,000 yen) per square meter. He added that calculating based on a slightly lower price of 95 million won (about 1.038 million yen) per square meter, which is just below the median of 107 million won (about 1.165 million yen) from these transaction cases, multiplied by the building's site area of 430 pyeong, results in an estimated value of 40.85 billion won (about 4.36243 billion yen), indicating a profit of about 24.5 billion won over 8 years.
Related Articles
The 2024 FNS歌謡祭 has announced its third wave of artists, featuring ILLIT and ENHYPEN on the first night, and Jejung on the second. ILLIT will perform 'Magnetic' while ENHYPEN will debut 'Polaroid Love' at Universal Studios Japan. Previous announcements included popular K-POP groups like aespa and Stray Kids. The festival airs on December 4 and 11.
As SM Entertainment approaches its 30th anniversary, its artists will surprise fans by appearing on tvN's 'Shucchou Juugoya'. The trailer released on YouTube features unexpected chemistry among artists. The show will air on November 29, showcasing games and talks with 10 artists, promising laughter and entertainment. SM plans various events, including concerts and album releases, to celebrate this milestone.
The second wave of artists for the 2024 FNS歌謡祭 has been announced, featuring NCT DREAM, Stray Kids, and others. A special collaboration between TREASURE's unit T5 and Koda Kumi is also set to perform. The festival will air on December 4 and December 11, with high expectations for unique performances.
Tohoshinki participated in the Tokyo Midtown Hibiya illumination ceremony, marking their 20th anniversary. They shared festive memories, expressed gratitude to fans, and discussed their recent album. The event featured their Christmas song, creating a vibrant atmosphere with red lights, and they engaged warmly with the audience.
The 'HIBIYA Magic Time Illumination' at Tokyo Midtown Hibiya has begun, featuring a ceremony with TVXQ. They lit up the venue in red, their signature color, and shared plans for a concert at Osaka Castle Hall. A pop-up store celebrating their 20th anniversary is open until December 1, with special lighting displays every hour.
Junsu disclosed he was extorted by a female BJ, losing 840 million won over five years. He apologized to fans via an app, expressing regret for not acting sooner and revealing that he is not guilty of any wrongdoing. His agency confirmed he is a clear victim and will pursue legal action against the perpetrator.
Junsu's agency, PALMTREE ISLAND, stated that he is a victim of extortion by a female BJ who recorded their conversations for illegal purposes. The agency confirmed that Junsu has not committed any illegal acts and is taking legal action to prevent further harm. The case is currently in the warrant stage.
Jaejoong has become the subject of absurd dating rumors due to fake images circulated by a woman claiming to be his girlfriend. He strongly denies these allegations, stating that he has no time for romance and criticizes the deceitful actions. Fans are rallying to protect him against these false claims.
The KOREA GRAND MUSIC AWARDS (KGMA) will feature participants from PROJECT 7 and Starlight Boys on October 16. These popular audition shows have garnered significant global attention, with PROJECT 7 achieving top rankings on streaming platforms. The event will take place over two days in Incheon, highlighting various artists and their contributions to K-POP and other music genres.
The first KOREA GRAND MUSIC AWARDS (KGMA) will take place on November 16-17 in Incheon, featuring 30 artists and special performances. Highlights include NewJeans hosting, SHINee's Taemin's unique stage, and a collaboration between EXO's D.O. and Lee Yong-ji. The event promises to excite global K-POP fans with a diverse lineup.
