Tang Wei Sells Bundang Property Over Privacy Concerns

      January 27, 2015 13:21

      Tang Wei

      Chinese actress Tang Wei has sold a piece of real estate in Bundang, Gyeonggi Province near her husband Kim Tae-yong's house only four months after she bought it.

      She starred in "Late Autumn" directed by Kim and they married in August last year.

      According to the land registry, Tang sold the 485.9 sq.m plot in mid-November to a businessman for W1.25 billion, W100 million less than she paid for it.

      Tang bought the land for W1.35 billion in July 2012 and registered as a foreign resident. Considering other costs such as registration fees and commissions, the sale left her over W200 million out of pocket.

      The plot, in an area of swish townhouses, is currently empty. Tang's purchase generated a flurry of media speculation that the couple wanted to build a house and live there, which meant that the address became widely known.

      A realtor said Tang apparently sold the land out of concern for her privacy.

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