According to media outlet reports on May 2 KST, TWICE member Jihyo has purchased a building in Sungsu-dong, Sungdong-gu, Seoul, paying 4 billion KRW (~ $2.8 million USD). Based on the purchase records, which indicate that no mortgage was listed, it's suspected that the idol paid the full amount in cash. 

The Sungsu building was purchased by the TWICE member in March of last year, with its ownership being transferred to Jihyo by the end of the month. The following month in April, Jihyo was successfully registered as a residential landlord, also registering her building as a rental property.

The building was built in 1986, making it nearly 40 years old. It consists of one basement floor and three above-ground floors and currently houses a real estate office and a restaurant on the first floor, offices on the second floor, and residential units on the third floor. The building is said to be a 10-minute walk from several bustling commercial areas in Seongsu-dong.

Experts believe that Jihyo purchased the building more so for its future value as a unit located along the Han River redevelopment zone, rather than for its current rental income.

SEE ALSO: TWICE graces the stage at Coldplay's 'Music of the Spheres' kickoff concert in South Korea