Korean Job Discussion Forums

Seoulman69 · Joined: 14 Dec 2009

Hi folks,

What kind of apartment can I get, and rent will I be paying, if I have 30 million key money at my disposal?

Thanks.

tzechuk · Joined: 20 Dec 2004

Where in Korea are you talking about?

zappadelta · Joined: 31 Aug 2004

Totally depends on the area and the apartment

Seoulman69 · Joined: 14 Dec 2009

In Seoul near Sinchon.

Panda · Joined: 25 Oct 2008

Think twice before you want to put that much key money.

There are cases that people couldn't get the key money back at the end of the contract, due to the landlords "bad investment ".

It is said bank can provide a warrant for a key money <20 million, but it has been proven to not be always true.

stuey11 · Joined: 13 Jun 2003 Location: Seoul

I've been looking in that area recenntly, and to be honest alot of the landlords aren't really interested in higher key money due to the economy, most of the places I looked at wanted max 20 million key, then between 500,000 - 900,000 per month in rent.

nautilus · Joined: 26 Nov 2005 Location: Je jump, Tu jump, oui jump!

RyanInKorea · Joined: 17 Jan 2008

SanchoPanza · Joined: 10 Jan 2010 Location: London

It depends on the age, location and size. A new 30 pyong apartment
in Bucheon will be about 200,000,000-250,000,000 key money.

In Shincheon the same apartment would be more. But if it's an older place
you could probably get a pretty big pad for 30,000,000 plus maybe
400,000-500,000 rent per month.

They are all different. You pretty much need to walk around to every
real estate place and tell them how much you want to spend and what
you are looking for. They will usually then try to persuade you to rent
a problem property. After that, they will show you what you are after.