[theqoo] BTS JIN SELLS HANNAM ‘THE HILL’ APARTMENT FOR 8.2 BILLION WON PROFIT… SOLD BEFORE HEAVY TAXES ON MULTI-HOME OWNERS TOOK EFFECT
Jin, a member of the group BTS, has realized a capital gain of over 8 billion won by selling a luxury home.
According to a report by Herald Business on the 31st, Jin sold a unit in an ultra-luxury residential complex in Hannam-dong, Yongsan-gu, Seoul, for 12.7 billion won last April.
He had originally purchased the property for 4.49 billion won in 2019. Through this sale, Jin secured a massive capital gain of approximately 8.21 billion won (5M USD).
As no mortgage lien was registered against the property, the transaction is presumed to have been settled entirely in cash without a loan. The deal was finalized in early April, just one month before the government reimplemented heavy capital gains taxes on multi-home owners in designated adjustment areas.
With this sale, Jin has disposed of one of the three units he owned in the complex, leaving him with two remaining properties.
Built on the former site of Dankook University, the complex consists of 600 low-rise, large-sized units and is considered one of Korea’s premier affluent neighborhoods, home to numerous business leaders and famous celebrities.
1. Property values in my neighborhood went up by a billion won, so a house like that would obviously see a huge increase too, but I couldn’t afford it anyway, so I’m not even envious
2. It’s amazing that he actually sold his place… There are so many rich people everywhere
3. Didn’t Jin also sell his HYBE shares at the right time? He seems to be good at managing his money, too
4. Can you just order me one box of chicken..
5. Even 4.49 billion won is amazing
6. I’m just getting a reality slap and I’m so jealous… I have no investments..ㅋㅋㅋㅋ
7. He’s still at working age, so he’s even richer than that
8. Does he have a long lost nuna by any chance?
9. I’m indeed jealous of his money..
10. I think he has a long lost female dongsaeng…

