i-dle’s Miyeon pays for $3.8M Seoul luxury apartment in cash
i-dle’s Miyeon / Xportsnews
K-pop star Miyeon of girl group i-dle has purchased a luxury residential unit in central Seoul for 5.05 billion won ($3.8 million), with industry sources suggesting the deal was made entirely in cash — a move drawing attention as South Korea is seeing a celebrity real estate boom.
According to industry sources on Feb. 21, Miyeon signed a contract on Feb. 3 to buy a 135-square-meter unit in Yongsan Central Park, a high-end mixed-use residential complex in Seoul’s Yongsan district. She completed the balance payment and ownership transfer registration on Feb. 12.
Completed in 2017, the complex is located near Yongsan Station, one of Seoul’s major transport hubs, and is known for its proximity to the Han River and integrated facilities combining residential, commercial and office spaces — factors that have driven strong demand among affluent buyers.
Property registry documents reportedly show no mortgage registered against the unit, leading market observers to believe the purchase was likely made without bank financing. The exact source of funds has not been disclosed.
The transaction price is said to mark a record high for units of that size in the complex. The previous peak — about 4.3 billion won — was recorded in April 2024, making Miyeon’s purchase roughly 700 million won higher.
Miyeon debuted with i-dle in 2018. The group released a digital single, “Mono,” last month.
This article from Xportsnews is adapted by a generative AI system and edited by The Korea Times.