Rain, Becoming the Landlord of the Building in Gang-nam

Rain, Becoming the Landlord of The Building in Gang-nam, worth Fifteen Billion Won. (about $10,101,010.10)

World Star Rain,(26, Real Name : Jeong Ji-Hoon) has become the landlord of a commercial building worth fifteen billion won.

It has been reported that Rain bought the commercial building of 1024㎡ constituted of two stories with a basement located on Chung-dam dong, Gang-nam gu, Seoul, three month ago.

The sales price at that time of trading is reported to have been over fifteen billion won, which proves that Rain appears as the man with financial power in real estate in Gang-nam, as corresponding to his fame as world star.

The land Rain bought is evaluated as six hundred and eighty thousand won per 1㎡, while the price of the building per pyung is between fifty thousand and seventy thousand won, which resulted in the expected minimum trading price of fifteen billion won as the actual trading price was a little higher than this.

A person in near real estate agency in cheung-dam dong, gang-nam gu, said "Even though it has only two stories, the building Rain bought has formed higher price because it has the land with the dimension of 10 pyung and has the very nice location, "
He also added, "The building is open to restructuring. In this case, the price will rocket high to several billion won, which forms its investing value. " The more interesting fact is that Rain‘s building is located in 20m near JYP Entertainment which is Rain's former agency.

In a few step distance, buildings of JYP's，the guru, Rain's，the student now live together.
People in entertainment industry is saying that the side street of Rain's building would be the new emergent central place of Japanese tourism.

In the first floor of Rain’'s building, there are a flower shop and Rainy Entertainment which Jeong Ki-Choon，Rain‘s father is now operating.

J.Tune Entertainment， Rain's current agency, is not yet moved to this building. One of Rain's side persons said "We don't have any plan of moving the office yet. "

World star Rain is now in energetic activities with his 5th album 'Rainism' which was created in 2 years, while his newly merged Asian album will be produced in the middle of next month.

Source: JES
Translation credit: rain bird@rain-eu.com