‘Gangnam Style’ rapper PSY invests in exclusive LA apartment

Friday, December 21, 2012

‘Gangnam Style’ rapper PSY invests in exclusive LA apartment

The South Korean rapper PSY, the man behind the most watched YouTube video of all time - Gangnam Style - has splashed out some of his earnings on a condo in an exclusive LA complex.

The internet sensation paid $1.25 million in cash for the apartment, which has two-bedrooms, two and a half-bathrooms, a den, a "roomy balcony," a breakfast area, and a laundry room, most of which the singer plans to have renovated.

The exclusive development has service charges of $2,141 a month, for which residents get access to a swimming pool, tennis court, gym and 24 hour concierge.

Since it was uploaded in July, the Gangnam Style video has been viewed nearly a billion times, making it the most popular video ever to be uploaded to the clip sharing site. It is estimated that PSY, real name Park Jae-Sang, has earned around $8.1 million from the song to date, most of which has been as a result of royalties from parodies, TV appearances and advertising campaigns.

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