Kim Jong Kook buys '$4.32 million' luxury villa in cash: Here's why

Kim Jong Kook has bought a house and candidly shared why he chose to pay for it all in cash. Read on to know the reason behind buying such an expensive property in cash.

Kim Jong Kook purchased a new house worth USD 4.32 million

In May earlier this year, as per Allkpop reports, the star had made a purchase worth USD 4.32 million to buy a large luxury villa in Nonhyeon-dong, Gangnam. Jong Kook recently revealed how he paid the total amount for the house, all in cash. During his appearance on ‘GGANG SIAN’ with Lee Si An, he shared that since he did not want to pay for any extra interest on property loans, he opted to pay for the house in cash, as no mortgage would be registered through this process. He shared, "I didn't want to pay any interest”.

Si An then mentioned how she’s jealous of Jong Kook, and at this point, they both enjoyed a laugh. The two talked about the property even more, with the latter revealing that the purchase was not an investment. He shared during the show that, “Everyone knows. I didn't buy a building, just a house. It wasn't for investment or anything. It was just to live in”.

About Kim Jong Kook

During an episode of ‘Running Man’ earlier this year, Jong Kook made the shocking revelation about how he is planning on getting married soon. The announcement had sent a wave of shock over the internet and had left everyone elated at the good news. Videos of his fellow cast members from the variety show also ended up going viral after they all got emotional following the revelation.

Not much is known about his soon-to-be bride, however, many reports have made claims that she is a 38-year-old CEO from the States. The two will be tying the knot next month on September 5. The ceremony will be small and private, and will only be attended by friends and family members of the couple.