Korean Job Discussion Forums

ew_1 · Joined: 21 Jul 2004

I'm considering one of those jobs with a housing allowance and want to know how far it will get me in Bundang. What is a newer studio or officetel like place running for in Bundang? I'm looking in the 12-18 pyeong range in terms of size. Clean (and newer) beats size for my preferences...

Can a decent place that meets those specs be found for 10 million in key money plus 400-500K won in monthly rent? Would it be more? Less?

Thanks!

mithridates · Posted: Tue Jul 26, 2005 8:06 am Post subject:

5 million deposit will do it. Here in Apgujeong a friend of mine has 15 pyeong for 5 mil and 400000 a month plus utilities.

ew_1 · Joined: 21 Jul 2004

Can the rent be negotiated in many of these cases? Some employers will pay up to 10 million in key money. By doing so (vs. 5 mil), can I bring down the monthly rental cost?

Does anyone have experience in this?

mithridates · Posted: Tue Jul 26, 2005 9:34 pm Post subject:

Generally it's a minimum of 5 million, and each million added on afterwards brings the rent down by 10000 per month, so it's definitely worth it if you have the extra money to put down.

mithridates · Posted: Tue Jul 26, 2005 9:39 pm Post subject:

Check this out, these are all places in Bundang:

http://www.oneroomhouse.org/

The numbers mean deposit/monthy rent/jeonsae, so the first two numbers are what you want to pay attention to.

mithridates · Posted: Tue Jul 26, 2005 9:41 pm Post subject:

Here's one, 17 pyeong for 5 mil down and 500000 a month so you could get it for 450000 if you put down 10 million instead.

Zyzyfer · Posted: Tue Jul 26, 2005 11:54 pm Post subject:

If you're paying monthly rent, you can find something. What's more important is choosing the right kind of place out there. Stay away from the prestige factor and go for something comfortable.

red dog · Joined: 31 Oct 2004

I could never find rents as low as the ones advertised on the Internet, when I went out to the same buildings in person. But I can't speak Korean (other than the little bit necessary to scan basic information on those sites) so I was at a big disadvantage. Even so, I did get a very nice place and it may be available soon. I paid 5 million in key money and the rent is 440,000 a month, but it may go up for the next tenant. I'm not sure, but rents in the area seem to have increased since I was looking.

I can show you photos of my place if you're interested. When are you looking to move?

ew_1 · Joined: 21 Jul 2004

I'm looking for a place to rent in early to mid-September 2005. Probably in Bundang. You can PM me if that works with your own dates.

itaewonguy · Joined: 25 Mar 2003

the place that mithridates showed you is a common new officel tel in bundang actually my friend lived in that very officeltel.
if the price is too steep for you then you could look into the older models!
or perhaps a a place in the old part of jongja-dong a place above a shop or in a small villa might get it for 1-3 million key, and about 350-400 a month rent..
but personally I would go with the modern place! if you are gonna live her for a while you might as well have a nice place! im sure you can get a nice officeltel for 400-500 no problem..

Derrek · Joined: 15 Jan 2003

My place here near Sunae in Bundang is 10 million won key plus 450,000 a month.

You're looking at offictells in that price range. Be sure to ask how much utilities will run, and if you move into the Jeonja area, make sure the doors have good locks, or add your own deadbolt (about 60,000 won for one).

There were lots of break-ins in Jeonja last year. The theifs were putting putty in the locks and making keys.

T-dot · Joined: 16 May 2004 Location: bundang

red dog · Joined: 31 Oct 2004