Korean Job Discussion Forums

[NicRenee]

Photos here: http://www.flickr.com/photos/koreasgotseoul/tags/apartment/

Two options:

1:
For 10 million key money, the rent would be 1 million/month.


2:
Current Key Money: 30 mil.
Current Rent: 780,000/month

These may be flexible depending on an increase of one or the other.

Location: 7 min. walk to Sinchon Station, 7 min. walk to Hongdae station.
Super quiet and lovely street full of trees and single family homes as well! Very near the large church in Sinchon near the main street.

The apartment:
-2 bedrooms
-1 bath (excellent water pressure)
-large kitchen
-separate laundry room
-covered patio
-BALCONY with fabulous views! Great for BBQing.

-massive windows in kitchen, excellent light everywhere except second bedroom
-REAL wood planks on the floor
-newish building
-VERY cheap utilities
-Quiet building, never hear the neighbors
-Comes with: large refridgerator, two burner gas range, aircon, BBQ, more!
-Check out my other thread for our household items - if you move in you wouldn't have to move them!

Photos here: http://www.flickr.com/photos/koreasgotseoul/tags/apartment/

Please email or PM. email: [email protected]

[jadarite]

Wow, high key money and rent.

[NicRenee]

Not for what you get; this is what you pay for a truly great apartment in downtown Seoul, which of course most teachers don't wish to pay for.

Plus, it's not bad for two people.

[red_devil]

Monthly rent is good, although i'd have to see the place...

BUT WOW! 30M key money? Who has $20K cash just sitting around ready to dump on a place? Dang.

[NicRenee]

Not us, but luckily my university does. We are walking distance from Ewha, Hongdae, Sogang, and Yonsei, all (or most?) of which will provide at least that.

It's my understanding that with less key money, the rent would go up, though I have no idea by how much.

[DCJames]

[jadarite]

[NicRenee]

[asams]

[NicRenee]

For those who have expressed sincere and useful interest, I will talk to to the realtor this week about the rent for lower key money and post it ASAP.

Thanks and have a great weekend!

[wuzza]

I've been looking at apartments recently and as a general guide 5 million key = 50,000 p/m from the initial asking price.
So if someone had only 10 mill to put down the rent would be about 200K per month higher.

10 mill plus 1m per month isn't that high for a nice place in a good area like this one.

[PRagic]

I'd have to know how many Pyung the place is before I could tell you whether or not it's too expensive, but just from what I've heard, it's about par for the neighborhood.

We had a 3 bedroom place with a loft (about 35 pyung all together) in a killer part of HongDae for 130 million key money. With 30 million down and rent, that would be 1 million a month. Lost that one to the owner's son and his new wife LOL.

The area is expensive and that's because it's a cool place to live. The OP's hood is right around the corner from our apartment, and that runs us 305 million in key money for the 36 pyung. For some, where you live is just where you sleep and the space doens't matter. For others, the home is clutch and proximity to cool shiite to do is a must. To each their own.

[PRagic]

Great place is you want to live in this area, although after having seen the pics, I'd honestly ask for a 10 million reduction in key money and the same rent.

For about the same coin, you could get a pretty big 2-bedroom with large living room in the Twon and adjacent stations. 1.1-1.3 a month gets you some big digs up that-a-way.

Good luck OP. Not a bad deal. Hope you enjoyed it.

[NicRenee]

Bump, new price options

[pkang0202]

Not even Gangnam is that expensive. Your landlord is seriously trying to make money on foreigner ignorance.