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vchampea
Joined: 02 Sep 2011
Location: USA
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 Posted: Fri Jul 04, 2014 5:12 pm Post subject: How much is an apartment worth in Korea? |
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| I'm doing some paperwork back home and I need to estimate the value of the room I lived in. I worked at a hagwon 2 years ago and the hagwon had a dorm building for the teachers which included a shared kitchen. It was pretty nice. How much do you think this was worth.? I'm not looking for an exact amount. Any rough estimate would be fine. |
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LostSeoul
Joined: 16 Jun 2014
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| Posted: Fri Jul 04, 2014 5:35 pm Post subject: |
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Three bags of kimchee,
Two bottles of OB,
And a partridge in a pear tree. |
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andrewchon
Joined: 16 Nov 2008
Location: Back in Oz. Living in ISIS Aust.
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| Posted: Fri Jul 04, 2014 7:10 pm Post subject: |
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| Depends on location but something like that is 0.5-2.0 mil dollars. |
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MedellinHeel
Joined: 16 Jan 2014
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| Posted: Sat Jul 05, 2014 4:31 am Post subject: |
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| pretty sure some of these small studios can run as low as 300. |
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vchampea
Joined: 02 Sep 2011
Location: USA
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| Posted: Sat Jul 05, 2014 5:04 am Post subject: |
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| It was in Busan, but not a very fancy area. |
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Stan Rogers
Joined: 20 Aug 2010
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| Posted: Sat Jul 05, 2014 5:50 am Post subject: |
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| andrewchon wrote: |
| Depends on location but something like that is 0.5-2.0 mil dollars. |
Yup! Location loction location. |
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Lazio
Joined: 15 Dec 2010
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| Posted: Sat Jul 05, 2014 8:26 pm Post subject: |
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| Around 30k USD if it was smallish (less than 12 square meters) or around 40k if it was bigger than say' 15 sqm. |
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Lazio
Joined: 15 Dec 2010
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| Posted: Sat Jul 05, 2014 8:29 pm Post subject: |
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| MedellinHeel wrote: |
| pretty sure some of these small studios can run as low as 300. |
You can buy a 3 bedroom villa in most parts of Seoul for that much or less. |
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Stan Rogers
Joined: 20 Aug 2010
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| Posted: Sun Jul 06, 2014 2:19 am Post subject: |
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| Lazio wrote: |
| MedellinHeel wrote: |
| pretty sure some of these small studios can run as low as 300. |
You can buy a 3 bedroom villa in most parts of Seoul for that much or less. |
Villas suck. |
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vchampea
Joined: 02 Sep 2011
Location: USA
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| Posted: Sun Jul 06, 2014 3:53 am Post subject: |
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| I was confused by your answers and now I see why. I'm talking about the value of MONTHLY RENT. Not the value of the room itself. Basically, all I'm asking is the average rent for a small apartment in a non-fancy area of busan. |
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andrewchon
Joined: 16 Nov 2008
Location: Back in Oz. Living in ISIS Aust.
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| Posted: Sun Jul 06, 2014 5:31 am Post subject: |
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| About 400-500 $ a month. |
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edwardcatflap
Joined: 22 Mar 2009
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| Posted: Sun Jul 06, 2014 11:47 am Post subject: |
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| Quote: |
I was confused by your answers and now I see why. I'm talking about the value of MONTHLY RENT. Not the value of the room itself. Basically, all I'm asking is the average rent for a small apartment in a non-fancy area of busan. |
The value of monthly rent? Are you a native speaker? Don't you know what it means in English when we ask what the value of something is or how much it's worth?  |
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Weigookin74
Joined: 26 Oct 2009
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| Posted: Sun Jul 06, 2014 4:00 pm Post subject: |
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| andrewchon wrote: |
| Depends on location but something like that is 0.5-2.0 mil dollars. |
Seoul - Gyeong-gi. OUtside those areas, much cheaper, even in Busan. A few luxury apartments more expensive in these places. But if you go with an average apt, deals can be had. Of course an older building, prob a good deal. No high crime like there would be in the west which would deter you from living there.
Newer office tels in my town are 60 to 90 million to own? Seoul much much more. |
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Troglodyte
Joined: 06 Dec 2009
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| Posted: Mon Jul 07, 2014 7:13 am Post subject: |
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| If you're doing paperwork for back home then just "estimate" it based on what's in your best interest. No one is going to know where you lived, whether it was nice or ugly, or how much the rent was. You could have been staying in a goshiwon (like a dorm, possibly with shared facilities) for 300k Won /month. Likewise, your boss might have been paying 1 million Won a month to put you in a really nice place. Which of those two numbers would be better for YOU on that paperwork? |
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vchampea
Joined: 02 Sep 2011
Location: USA
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| Posted: Wed Jul 09, 2014 8:17 pm Post subject: |
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| Ok, Thank you! |
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