BTS Jin sells Hanam The Hill property for 8.2 billion won profit [Star Issue]

*This content was translated by AI.

Jin, a top idol group member of BTS (BTS), is reported to have sold one luxury residence at Hanam The Hill in Hannam-dong, Yongsan-gu, Seoul, for 12.7 billion won, netting a market price gain of over 8 billion won.

According to court registry documents obtained on the 31st, Jin sold a 233㎡ (92-pyeong) exclusive-use unit at Hanam The Hill in April for 12.7 billion won. The buyer, identified as A, born in 1979, reportedly paid entirely in cash without establishing any additional mortgage on the property.

The residence was originally purchased by Jin in July 2019 for 4.49 billion won in full cash payment, allowing him to realize a market price gain of 8.21 billion won after approximately seven years.

This transaction has drawn additional attention as the contract was signed just before the reinstatement of higher capital gains taxes for multi-property owners.

It is reported that Jin previously owned three residences at Hanam The Hill, including the one sold this time. He currently appears to hold two units: a 206㎡ (81-pyeong) exclusive-use unit and a 243㎡ (100-pyeong) exclusive-use unit known as "The Penthouse," purchased last year for 17.5 billion won.

Hanam The Hill, completed in 2011, is a residential complex spanning from the basement level to the 12th floor, comprising 32 buildings with a total of 600 households. The development features medium-to-large-sized units ranging from 57㎡ to 240㎡. As one of Korea's representative affluent neighborhoods, Hanam The Hill is known to be home to or owned by numerous figures from the business and entertainment industries.

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*This content was translated by AI.