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asmith
Joined: 18 Jun 2009
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Posted: Wed Oct 21, 2009 11:48 pm Post subject: Key money for apartments near and around Gagnam |
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Off the top of your head, what would a two or three bedroom cost me.
I'm not talking walsae.
I'm talking jonsae.
Or a mix between jonsae and walsae. |
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IS-F
Joined: 20 Oct 2009
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Posted: Thu Oct 22, 2009 12:10 am Post subject: |
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Asmith, I'm assuming you're moving with your wife and 2 kids.
My gf and her sister lived in a decent apartment near Gangnam-gu Office and the jeonse was a little more than 300 million KRW (3 bedrooms). However, they have now moved to a villa (very nice villa with 2 floors and a deck) in the Nonhyun area for about 200 million (3 bedrooms).
I got a couple of buddies that share a nice apartment near Cine City (Apgujeong but technically Nonhyun). They put 50 million down and pay around 2 million a month.
I think for straight jeonse for a decent 2-bedroom in Gangnam would run about 200 mil.
Are you interested in Jamshil as well? Not too far but relatively cheaper (more kid-friendly too). |
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asmith
Joined: 18 Jun 2009
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Posted: Thu Oct 22, 2009 3:39 pm Post subject: |
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300 million!!!!!!
Well, I guess I'll be scratching Gagnam off my list. |
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eamo

Joined: 08 Mar 2003 Location: Shepherd's Bush, 1964.
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Posted: Thu Oct 22, 2009 3:44 pm Post subject: |
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The average minimum jeonsae nowadays in Seoul for a small 3-bed apt is 150 mill......that would be for an older apt in an unpopular area. |
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youtuber
Joined: 13 Sep 2009
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Posted: Thu Oct 22, 2009 4:25 pm Post subject: |
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If you have ever spent a significant amount of time in Gangnam, you would realize that it is definitely not a desirable place to live. |
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asmith
Joined: 18 Jun 2009
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Posted: Thu Oct 22, 2009 5:09 pm Post subject: |
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youtuber wrote: |
If you have ever spent a significant amount of time in Gangnam, you would realize that it is definitely not a desirable place to live. |
Why is that? With all that money floating around, one would think you could do pretty well with privates and what not. |
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Old Gil

Joined: 26 Sep 2009 Location: Got out! olleh!
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Posted: Thu Oct 22, 2009 6:53 pm Post subject: |
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I didn't do jeonsae per se, but I had about 40 mil with one other guy to put down on a place in Itaewon and the realtor told me that landlords aren't really into jeonsae recently, for what reason I don't know. Maybe interest rates are low these days, I don't really know what the deal is with Gangnam.
However, a friend of mine and her BF put down 50 mil on an old 2br in Sillim and she pays no weolsae, so maybe looking a little further west could be something to look into. |
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asmith
Joined: 18 Jun 2009
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Posted: Thu Oct 22, 2009 6:59 pm Post subject: |
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Old Gil wrote: |
I didn't do jeonsae per se, but I had about 40 mil with one other guy to put down on a place in Itaewon and the realtor told me that landlords aren't really into jeonsae recently, for what reason I don't know. Maybe interest rates are low these days, I don't really know what the deal is with Gangnam.
However, a friend of mine and her BF put down 50 mil on an old 2br in Sillim and she pays no weolsae, so maybe looking a little further west could be something to look into. |
How far away are those places from Gagnam? |
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Old Gil

Joined: 26 Sep 2009 Location: Got out! olleh!
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Posted: Thu Oct 22, 2009 7:04 pm Post subject: |
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Sillim is about 8 stops west (maybe 20min) of Gangnam on the same subway line, Beongchon, SeoulDae and Nakseongdae are all closer in than Sillim on the same line too if you want to look around there.
Itaewon is north across the river, hard to get to Gangnam quick unless you have a scooter. It's also very dangerous and scary. |
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Snowflake
Joined: 12 Dec 2006 Location: Seoul
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Posted: Thu Oct 22, 2009 7:18 pm Post subject: |
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I have a 2 bedroom villa in Gangnam - put down 10m key money and pay 1.3m a month (between two of us).
There are loads of villas available for 10m down and roughly 1m a month - just avoid the apartment blocks.
Let me know if you want details of the estate agent we used - he speaks English and is one of the nicest people I've ever met. No lie! |
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Snowflake
Joined: 12 Dec 2006 Location: Seoul
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Posted: Thu Oct 22, 2009 7:21 pm Post subject: |
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Old Gil wrote: |
Itaewon is north across the river, hard to get to Gangnam quick unless you have a scooter. It's also very dangerous and scary. |
Depends on the size of your scooter - I had a 50cc and it wasn't fast enough over the bridge, so granted that was a bit scary. I now have a 100cc and it's just fun! |
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Old Gil

Joined: 26 Sep 2009 Location: Got out! olleh!
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Posted: Thu Oct 22, 2009 7:36 pm Post subject: |
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Snowflake wrote: |
Old Gil wrote: |
Itaewon is north across the river, hard to get to Gangnam quick unless you have a scooter. It's also very dangerous and scary. |
Depends on the size of your scooter - I had a 50cc and it wasn't fast enough over the bridge, so granted that was a bit scary. I now have a 100cc and it's just fun! |
Yeah I can see that being a concern. I have a 125 and I still don't like it all that much.
However, going from Itaewon to Gangnam or vice versa and you use Banporo, you can go on the underneath bridge, which is more laid back. |
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soohak

Joined: 11 Sep 2007
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Posted: Thu Oct 22, 2009 8:25 pm Post subject: |
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I recently moved into a ~22평 (usable space) three room in Yeoksam-dong. The 보증금 (deposit) was 10 million and the 월세 (rent) is 1 million/mo (including the 50k 관리비). When calculating the realtor's fee, they used a 전세 value of 100 million. |
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T-J

Joined: 10 Oct 2008 Location: Seoul EunpyungGu Yeonsinnae
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Posted: Thu Oct 22, 2009 8:59 pm Post subject: |
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asmith wrote: |
300 million!!!!!!
Well, I guess I'll be scratching Gagnam off my list. |
Just wait until March. I hear from a reputable source that that will only be about $300 USD by then.  |
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princey
Joined: 28 Sep 2009 Location: Seoul
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Posted: Sun Oct 25, 2009 8:34 am Post subject: |
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what is jeonsae and walsae? |
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