Jeon Ji Hyun bought five real estate properties and received only one loan.
In the latest episode of the current affairs program “Happy Morning”, which was broadcast on August 17th, entertainment reporters Choi Jung Ah and Hong Jong Seon appeared and introduced Jeon Ji Hyun’s investments.
Jeon Ji Hyun became a real estate investor by purchasing a building in Nonhyeon-dong, Seoul in October 2007 for 8.6 billion won. She sealed the deal on additional buildings in Ichon-dong (5.8 billion won) in 2013, Samseong-dong (32.5 billion won) in 2017, and Deungchon-dong (50.5 billion won) last year, respectively. For 15 years, Jeon Ji Hyun spent 88.8 billion won on real estate.
Jeon Ji Hyun remodeled the building in Nonhyeon-dong and sold it last year for 23.5 billion won. Considering that 500 million won was spent on the construction, the profit she earned from the market price was 14.4 billion won.
Jeon Ji Hyun also reportedly bought a total of 5 real estate properties yet did not take out any loans except for one case. Reporter Choi Jung Ah said, “Jeon Ji Hyun bought the buildings with full cash, except for one.”
Reporter Hong Jong Seon added, “Jeon Ji Hyun bought the Samseong-dong building for 32.5 billion won in 2017 in full cash. Prior to that, she also bought the Nonhyeon-dong building without a mortgage.”
The only real estate that Jeon Ji Hyun bought with a loan is the building in Deungchon-dong. In March, she purchased a shopping mall in Deungchon-dong for 50.5 billion won. It is a building with three stories above ground and a total floor area of 5098 square meters.
Considering that Shinhan Bank set a mortgage of 33.6 billion won (120% of ordinary loans) in the building at the time of Jeon Ji Hyun’s purchase, the actual purchase funds are estimated to be 22.5 billion won and real estate mortgage loans are estimated to be 28 billion won. Excluding the loan amount, a whopping 60 billion won was spent by Jeon Ji Hyun in cash on real estate investment.
Source: nate
