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Not just land, new report reveals Yoo Jae Suk also purchased a building for a combined 20 billion KRW ($15.2 million) in cash

AKP STAFF
Posted by Sophie-Ha Tuesday, December 12, 2023

Earlier in the week, there were rumors that Yoo Jae Suk had purchased land for approximately 11.6 billion KRW (~ 8.8 million USD), but recently updated reports stated that Yoo Jae Suk had actually purchased land and a building for 20 billion KRW (~15.2 million USD) in cash.

On December 11, reports from the real estate industry revealed that Yoo Jae Suk acquired a 298.5 square meter (90.3 pyeong) plot of land in Nonhyeon-dong, Gangnam-gu, Seoul, at a cost of 11.6 billion KRW.

Contrary to initial reports indicating only the land purchase, it has now been verified that Yoo Jae Suk also acquired a four-story multi-family house (villa) along with the land.

Built in 2002, this expansive multi-family residence stretches across five levels, offering 11 rooms from the basement to the fourth floor. Occupying a substantial land area of 275.2 square meters (equivalent to 83.2 pyeong), this property was acquired at a significant investment of 8.2 billion KRW, which is approximately 6.2 million USD.

Interestingly, this property is part of a pair of real estate assets purchased by Yoo Jae Suk. Although these properties are next to each other, they each face different two-lane roads on their sides. This unique aspect boosts their real estate value.

Adding to the appeal of this location, Antenna Entertainment is situated nearby, in the same Nonhyeon-dong neighborhood as Yoo Jae Suk's recent acquisition. The area is also well-known for its robust demand for office spaces, attracting a diverse range of businesses, from entertainment planning agencies to startups.

  1. Yoo Jae Suk
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WhyDoIEvenBother
WhyDoIEvenBother710 pts Tuesday, December 12, 2023 0
Tuesday, December 12, 2023

JS Entertainment is a real thing! lol

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yeahkpop16
yeahkpop168,481 pts Tuesday, December 12, 2023 0
Tuesday, December 12, 2023

Sounds like he's planning ahead. Not that I think he's planning to stop as an emcee anytime soon, but I think he's thinking long-term. Recently, he's gotten more involved in the creative side of entertainment. Shows he can do so much more.

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