BTS’s Jungkook is not only an all-round K-pop idol but also a smart investor. It was recently revealed that he made a profit of KRW 2.3 billion from his house in Itaewon, which he bought back in 2020. The house has recently reached a value of 10 billion.
On September 15, 2024, Korean media outlet Herald Economy reported that Jungkook’s detached building in Itaewon has increased in value to around 10 billion KRW in just 4 years. Located in the affluent neighborhood of Yongsan-gu, the building was purchased by the BTS member for 7.63 billion KRW in December 2020.
Purchased entirely in cash for 39.59 million KRW per 3.3㎡ of land, the original house measures 637㎡ of land area and 230.74㎡ of floor area with two floors above ground and one basement floor. According to reports, Jungkook received permission from the district office in 2021 to rebuild the house after purchasing it.
The new building plan consists of 2 basement floors and 3 above-ground floors with a total floor area of 1,161.04㎡ and a building area of 348.05㎡. The reconstruction is almost complete and the current asking price for a single -family home is over 100 million KRW per 3.3㎡ of land, resulting in a market profit of up to 10 billion KRW.
Jungkook's detached house is located 10 minutes away from Itaewon Station, in an affluent neighborhood known as the 'Beverly Hills of South Korea'. As per reports, the nearby area is filled with very expensive detached houses and embassies.
On the work front, Jungkook is currently completing his mandatory military service which he enlisted in December 2023 after the release of his solo debut album GOLDEN. He will now return home in June 2025. Meanwhile, on June 7, 2024, he released a new song Never Let Go as the BTS FESTA 2024 song.
He then launched the solo exhibition GOLDEN: The Moments on August 30, 2024. Previously, on August 8, 2024, his travel show with Jimin Are You Sure? premiered on Disney+ globally. Amidst his many different activities, fans are now looking forward to his next solo album.
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