It has been reported by Sports Seoul on January 15 that Jaejoong purchased a building in Seocho-dong, Seoul near the Nambu Terminal for 7.5 billion KRW (~ 7 million USD)! The building's land is 143.84 pyong (~ 5,000 sq. ft.) wide with a total ground area of 534.42 pyong (~ 19,000 sq. ft.), one underground garage level, and seven aboveground floors, including 1-2 floors for eating and 3-6 floors of offices.

Jaejoong received a loan of 4 billion KRW (~ 3.7 million USD) to purchase the building, paying the rest in 3.3 million USD cash.  The monthly rental income is 35 million KRW (~ 32,000 USD).

SEE ALSO: Bang Si Hyuk's Instagram receives renewed attention following Min Hee Jin's latest press conference

An expert in corporate buildings Kim Yoon Soo stated, "The building Jaejoong purchased beats the buildings in Gangnam with a rental income ratio that is 5% higher than the average, so I think he bought this for the lease revenue."  He said that third class general residential areas had to have a 250% floor area ratio, but the building had an even higher one of 300%; additionally, there was a lot of parking spaces, so parts of the building could be used as office space, adding to the practicality of the building.

Tip: ww