Entertainment · Celebrity · 6 hrs ago

Hong Seo-beom reportedly lost money on a 1.6 billion won penthouse investment

Hong Seo-beom reportedly lost money on a 1.6 billion won penthouse investment

Broadcaster Kim Gu-ra said singer Hong Seo-beom lost money on property in Ilsan, a district in Goyang, South Korea.

Kim discussed the investment in a video released on the YouTube channel 그리구라 on October 26.

He said Hong bought a penthouse in Siksa-dong for about 1.6 billion won when it had only a basic frame, then paid to have it fitted out.

Kim also said Hong bought commercial property, and that problems involving the city contributed to financial losses.

Kim said he, too, invested in the area after hearing that buyers might make money by reselling, but the investment did not bring the expected result.

The account shows how property buyers can lose money when hoped-for price gains do not materialize, even after spending more on a home.

No further steps related to the property investment were stated.

3 sources

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What people are saying

Kim Gu-raBroadcaster
Hong really lost a lot.
via OSEN
Hong too was in the same boat as me.
via 뉴시스