Son Ye-jin pays $4m in cash for a $19m building she bought in Seoul

PHOTO: tvN, Screengrab/YouTube/NENERYCEL CHANNEL

While some of us can only dream of buying our own landed property, others pay for it in cold hard cash — like one of South Korea's most successful actresses.

Known for her role in this year's highly popular K-drama Crash Landing On You, Son Ye-jin is once again in the limelight, this time for purchasing a 16 billion KRW (S$19 million) building in Seoul.

According to a real estate industry official, the 38-year-old purchased the commercial building in the Sinsa-dong neighbourhood, Gangnam, under her name in July last year and paid off the remaining mortgage last month, reported Allkpop.

As if buying a building itself wasn't spectacular enough, Ye-jin also paid a portion of it in cash — 4.4 billion KRW to be exact. The remaining 11.6 billion KRW was paid with a loan, stated the official.

The building, which spans six floors and 1,567 square metres in size, accommodates plastic surgery clinics, make-up stores, and beauty centres, 8 Days reported.

PHOTO: Screengrab/YouTube/NENERYCEL CHANNEL

Tenants pay around $45 million KRW a month, with a deposit fee of $500 million KRW.

While the 22-year-old building has not been renovated yet, it is considered well-maintained and situated in a decent location.

Netizens are divided on the news, according to Allkpop. Some are upset with the great financial disparity between the common man on the street and celebrities, while others say it's a legitimate investment.

Nevertheless, this is not Ye-jin's first property purchase. She bought an old building in Seogyo-dong, Seoul, for 9.35 billion KRW in 2015 before selling it three years later for 13.5 billion KRW, according to online media Pinkvilla.

ALSO READ: 7 things to know about Crash Landing On You actress Son Ye-jin

trining@asiaone.com