Taiwanese singer-actor Richie Ren, aka Richie Jen, is not just busy preparing for his concerts – he’s also busy growing his property portfolio.
The 58-year-old star, who is set to perform in Malaysia on June 14 and 15, reportedly spent NT$1bil (RM140.07mil) on “a whole street of houses” in Qingdao, China.
The Taiwanese media reported that Ren was drawn to the coastal city’s vibrant atmosphere. Qingdao is a popular tourist destination, famed for its scenic bays.
According to entertainment portal 8days, this isn’t Ren’s first major real estate move.
Back in 1996, the Will You Still Love Me Tomorrow? star purchased several homes in the luxury residential district of Ho Man Tin, Hong Kong.
He later sold them for a profit of NT$89mil (RM12.45mil).
Ren also made a tidy sum from selling three office units in Hong Kong’s Southmark building, reportedly earning NT$220mil (RM30.80mil).
In China, he is said to own additional properties in Shanghai and Changsha, further cementing his status as a savvy real estate investor.
With his wealth in place, the I Feel Good singer can truly relax as he takes the stage in major venues around the region.
