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K-pop property: inside IU’s lavish new US$11.7 million penthouse in Eterno Cheongdam, Korea’s new most expensive estate
STORYLucy Jeong
- Following news of BTS members RM and Jimin’s recent apartment splurge comes IU’s purchase with stunning Han River views
- terno is Pritzker Architecture Prize-winning architect Rafael Moneo’s first Asian project, and its ‘Super Pent’ will outprice the Penthouse Cheongdam (PH129)
Soon after BTS RM and Jimin’s new flat splurge, the internet was agog again when the news broke that actress and singer-songwriter IU dropped US$11.7 million on a luxurious flat. She successfully released her album Lilac earlier this year, marking the end of her twenties and welcoming a new chapter in her life, and she will soon be able to do so from a new home.
Read on for a look at the Eterno Cheongdam development that is set to become Korea’s most expensive property.
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IU drops US$11.7 million on a new flat
According to Biz Hankook, IU spent 13 billion won, around US$11.7 million, on a new luxury flat at Eterno Cheongdam in February. The 20-storey luxury development with four underground floors will be completed around September 2023. The complex has just 29 units, with IU’s penthouse flat to be around 2,600 sq ft.
IU made headlines when she was able to drop the whole sum in cash – a necessity in this case as the property is located in the affluent Cheongdam neighbourhood, an area where the government has banned loans for property purchases in an attempt to regulate the overheated market.
In 2019, the artist sold her villa in Bangbaedong for 860 million won (about US$766,200) after acquiring it in 2012 for 840 million won (about US$748,400), according to The Korea Herald.
The new most expensive flat in Korea?
