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Rent in Seoul

 
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seamstressfortheband



Joined: 05 Sep 2013

PostPosted: Tue Aug 21, 2018 5:20 am    Post subject: Rent in Seoul Reply with quote

Hello!

Just been offered a job in Seoul and my housing allowance will be 950,000 (however, it's actually just paid with salary and thus irrelevant - total inc housing is something like 3.6 or 3.7)

Just wondering how much I can expect to pay in rent? I'll be working in Jamsil area but thinking of living somewhere like Kondae (but open to other locations as well and suggestions very welcome!!). I keep seeing rent has gone up a lot lately, wondering how much I'll have to shell for a one-bedroom apt (not a one room but a loft would be fine)? They also provide 15 million key money but I have some savings and could add to this, if necessary. Not sure how much of a difference key money still makes (if any).

I lived in Seoul 2007-2011 and lived in shared apts in HBC area where I split 3-bedroom apartments for about 1-1.2mil between 3, but I'd like my own place.

Thanks Smile
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PRagic



Joined: 24 Feb 2006

PostPosted: Tue Oct 09, 2018 9:49 pm    Post subject: Reply with quote

I have friends in Itaewon in smallish 2 bedroom places that are paying ballpark 1-1.2 million a month with little down (maybe 5 million?). They travel a lot, so they're not concerned with convenience, though, and their places are WAY up hills. If that doesn't bother you, you can probably get a one bedroom even cheaper. Best thing to do is go there and ask at a few real estate places.

Best bet is to get a Korean friend and head to the neighborhood you're thinking about settling in, for example the Konkuk University hood. Kondae is pretty cool, actually, with lots of ammenities and decent social life prospects.

Good luck! Let us know what you find. I'm sure others will be interested.
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jvalmer



Joined: 06 Jun 2003

PostPosted: Sun Oct 14, 2018 10:26 pm    Post subject: Reply with quote

I believe Seoul EPIK people now get like 700k-won. And that's barely enough for a 1-room (loft/bachelors pad). So, a mini-two room, or 2-room might be within that 900k-won range on some areas.
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World Traveler



Joined: 29 May 2009

PostPosted: Thu Oct 18, 2018 7:42 am    Post subject: Reply with quote

jvalmer wrote:
I believe Seoul EPIK people now get like 700k-won.

Only 500k. And they no longer get the renewal bonus.
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young_clinton



Joined: 09 Sep 2009

PostPosted: Thu Oct 18, 2018 4:46 pm    Post subject: Reply with quote

They still hash out this attitude on their application 'only the perfect'. They are starting to screw those that work hard to get a teaching job in the Korean public schools. Reminds me of another cockroach group,who could that be? The Saudis?
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