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SISTAR's Dasom purchases $2.8 million building

By jubilantj   Friday, September 30, 2016   69,817   11,795   49
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SISTAR's Dasom joined the ranks of Korea's wealthy property owners by purchasing a building reportedly worth about 3 billion KRW. 


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According to insiders in the real estate business, Dasom purchased a 644 square meter (approximately 7,000 square feet) building that encompasses six floors in total, including a basement and five upper levels, that is situated on a plot of land that is said to be 217 square meters. The purchase price for the building was 3.1 billion KRW (~$2.82 million USD). The building is situated in a prime location in Sincheon, close to Seoul's efficient public transportation system via Sincheon Station and Seoul Subway Line 2. Real estate speculators are of the opinion that the building's value will greatly appreciate with remodeling and leasing out the space for businesses and shops. 


This is not Dasom's first real estate purchase; the idol had bought a building back in 2014 for 1.42 billion KRW (~$1.29 million USD) and sold it a couple years later for 1.82 billion KRW (~$1.66 million USD), reaping a decent return. For the building she recently purchased, Dasom reportedly is receiving monthly rental income of over 5 million KRW (~$4,550 USD). 

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    eager_beaver Sunday, October 2, 2016

    They always buy buildings! Nothing wrong with that, but why do we never hear of idols buying stocks or investing in start-ups?

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    NoahL eager_beaver Wednesday, October 5, 2016

    Actually they do. But it's in korean.

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    SugaXO Saturday, October 1, 2016

    ayeee keep it up get that money miss independent

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    Miaoami Saturday, October 1, 2016

    It may be my imagination but it seems like a LOT of successful idols purchase buildings. Is it just a common thing to do at a certain point like buying a car?

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    unscrewedhorses Miaoami Tuesday, October 4, 2016

    Purchasing real estate is a good way to make income, so a lot of wealthy people in general end up buying properties when they have the means to do so to supplement their income. The idol life can be pretty feast or famine, so having rental income as a steady source of cash flow is just a smart move for people in the entertainment industry to make.

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