Recently, Heraldcorp posted an article revealing a real estate owned by male idol Jungkook (BTS), valued at up to 10 billion won.
Accordingly, Jungkook purchased a single-family home in Itaewon-dong in December 2020 for 7.63 billion won. The property has a land area of 637㎡ (about 193 pyeong) and a total floor area of 230.74㎡ (about 70 pyeong), purchased in cash at 39.59 million won per 3.3㎡ (1 pyeong).
After purchasing, Jungkook demolished the house and in 2021. He received permission from the district office to build a new house with 2 basements and 3 floors above ground, a total floor area of 1161.04㎡ (about 351 pyeong), and a construction area of 348.05㎡ (about 105 pyeong). The construction of the house is in the final stages of completion.
The current asking price for this property has exceeded 10 billion won per 3.3㎡, and the expected profit will be at least 8 billion won and may exceed 10 billion won.
“The area where the house is located is home to famous business leaders, and the houses on both sides of the road are very large. There were transactions in this area at around 70 million won per 3.3㎡ in 2022, so the price has doubled,” said a representative of the real estate company.
“Since properties in this area rarely come up for sale and those looking for a quality home in Itaewon-dong are willing to wait, even an asking price of over 10 billion won per 3.3㎡ could attract buyers,” he added.
BTS's maknae's house is located within a 10-minute walk from Itaewon Station and Noksapyeong Station on Line 6, an area surrounded by embassies and high-priced single-family homes, often referred to as “Korean Beverly Hills” or “Itaewon Hill.”
The area includes Samsung Family Town, where the late Samsung Group Chairman Lee Kun Hee lived, and is home to prominent figures such as SK Group's Chey Tae Won, Nongshim's Shin Dong Won, and Shinsegae Group's Lee Myung Hee.
In particular, Lee Myung Hee's house in Hannam-dong has held the title of the most expensive single house for nine consecutive years with a public value of 28.57 billion won as of January 1 this year.
