BLACKPINK Jennie flaunted her "Young & Rich" status by purchasing a luxury villa in full cash!
Keep reading to know more.
BLACKPINK Jennie Becomes Luxury Villa Owner in High-End UN Village
Following BLACKPINK Lisa, Jennie also flaunted her wealth by buying a luxury villa WITHOUT loans!
On November 14, Biz Korea initially reported that the "SOLO" singer bought her new high-end home in Hannam-dong, Yongsan-gu, Seoul, one of the most expensive neighborhoods in South Korea.
ALSO READ: 10+ Affluent K-pop Stars Living in the 'Beverly Hills of Seoul' - Neighborhood of Hannam-dong
According to the report, Jennie purchased a second-floor household in Villa La Terrace Hannam, which is located in the famous UN Village. The idol finished paying it at the end of July for 5 billion won (3.8 million USD) in full cash (without a loan!) and recently completed the move-in report.
In February 2021, Jennie paid a 10% down payment of 500 million won (383k USD) and signed a sales contract. Two years and five months later in July, she paid the balance of 4.5 billion won (3.4 million USD) and moved in.
Regarding the villa, La Terrace Hannam has 305 to 423㎡ of actual use area, which was launched in 2012. It consists of only 15 households with 3 basement floors to 3 ground floors per building.
It is best known for its geographical scenic spot in Baesan Imsu (mountains to the back and water to the front), an important auspicious site according to feng shui geomancy. The villa also boasts excellent security and privacy protection in Hannam-dong.
Specifically, Jennie bought the household on the second floor with a dedicated area of 244.97㎡ and a supply area of 286㎡ with five rooms and three bathrooms.
Lee Jong Suk, a high-paying actor who is also the boyfriend of "Nation's Representative singer" IU lived in La Terrace Hannam before, but he now moved to Nine One Hannam.
Prior to moving into her new villa, Jennie was already living in the UN Village, but at the time, she was only renting a luxury villa house where Sean, Jung Hye Young and Psy were currently living.
This truly flaunts Jennie's social status as only the top 1% and wealthiest people can afford to live here, given the high housing cost in South Korea.
YG Entertainment Updates on BLACKPINK's Contract Renewal Process
Meanwhile, BLACKPINK is under negotiation with YG Entertainment about whether to renew their contracts.
On the same day, the company mentioned in their quarterly report that:
"The exclusive contract with the artist BLACKPINK is under negotiation as of the disclosure date. The final result will be announced through the disclosure of 'major management matters related to investment judgment' later."
BLACKPINK, the current leading K-pop girl group has been rampant since the end of its exclusive contract with YG in August, with no announcement of whether to renew the contract.
Some speculated that Jennie, Jisoo, and Lisa, excluding Rosé, would leave YG and continue their group activities while working independently, but it is yet to be confirmed by the agency.
READ MORE: BLACKPINK Jennie's House Sends Internet Into Frenzy
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Written by Eunice Dawson.
