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Stan Rogers
Joined: 20 Aug 2010
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 Posted: Tue May 05, 2015 1:25 am Post subject: Songdo & Cheongna House Prices |
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http://news.mk.co.kr/newsRead.php?no=425939&year=2015
I almost bought a place in Songdo but chose Jeju instead.
It looks like these places are turning out to be a success after all. I remember so many people saying it would be a disaster. I guess they were wrong. |
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seoulsucker
Joined: 05 Mar 2006
Location: The Land of the Hesitant Cutoff
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| Posted: Tue May 05, 2015 6:54 am Post subject: |
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| Moving to Cheongna at the end of this month. Scoped it out a few times, found a great place at a great price (jeonsae) and couldn't pass it up considering the cheonsae for my place (small 2BR/1BA) in Kyungnidan just went up 50 million won. |
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Yaya
Joined: 25 Feb 2003
Location: Seoul
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| Posted: Wed May 06, 2015 12:17 am Post subject: |
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| seoulsucker wrote: |
| Moving to Cheongna at the end of this month. Scoped it out a few times, found a great place at a great price (jeonsae) and couldn't pass it up considering the cheonsae for my place (small 2BR/1BA) in Kyungnidan just went up 50 million won. |
Meh, I've explored prices in Cheongna a bit and they're not that low to justify moving that far from Seoul. |
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jazzmaster
Joined: 30 Sep 2013
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| Posted: Wed May 06, 2015 2:02 am Post subject: |
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If my girlfriend and I didn't work in Seoul then I would happily live in an area like Songdo.
Nice wide roads, more greenery than usual, modern apartments, lower house prices, nearer airport. There's a lot to like. Start your own little hagwon and get a jump on the competition. |
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atwood
Joined: 26 Dec 2009
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| Posted: Thu May 07, 2015 12:57 am Post subject: Re: Songdo & Cheongna House Prices |
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| Stan Rogers wrote: |
http://news.mk.co.kr/newsRead.php?no=425939&year=2015
I almost bought a place in Songdo but chose Jeju instead.
It looks like these places are turning out to be a success after all. I remember so many people saying it would be a disaster. I guess they were wrong. |
"So many" as in two or three posters here?
The situation has change quite a lot since then:
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| “interest rate cut and lifting property rules led the housing market in Songdo, Cheongna to bottom out for a rapid recovery.” He added, “the ratio of jeonse deposit to apartment sales price exceeded 70 percent. Skyrocketing two-year lump sum deposit jeonse prices are affecting the sales prices.” |
It's funny how owning an apartment has turned you into an RE expert. |
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Sister Ray
Joined: 25 Mar 2006
Location: Fukuoka
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| Posted: Thu May 07, 2015 7:58 am Post subject: |
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| jazzmaster wrote: |
Nice wide roads, |
Nothing makes a liveable city like a nice, wide road. 
You couldn't pay me enough to live in these dumps. |
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PeteJB
Joined: 06 Jul 2007
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| Posted: Thu May 07, 2015 1:20 pm Post subject: |
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| Do you have some hard stats on buying / renting prices? |
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Stan Rogers
Joined: 20 Aug 2010
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| Posted: Thu May 07, 2015 3:34 pm Post subject: |
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| PeteJB wrote: |
| Do you have some hard stats on buying / renting prices? |
Hard stats do not exist. Valuations fluctuate all the time and you really need to visit a real estate office. Sometimes good deals pop up suddenly. Properties need to be inspected as well. These things cannot be done properly from behind a computer. It requires footwork. |
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Stan Rogers
Joined: 20 Aug 2010
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| Posted: Thu May 07, 2015 3:38 pm Post subject: |
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| seoulsucker wrote: |
| Moving to Cheongna at the end of this month. Scoped it out a few times, found a great place at a great price (jeonsae) and couldn't pass it up considering the cheonsae for my place (small 2BR/1BA) in Kyungnidan just went up 50 million won. |
Jeonsae has gone crazy everywhere. |
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