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Housing & Key Money

 
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MrsAdams



Joined: 11 Feb 2007
Location: in hiding

PostPosted: Sat Feb 17, 2007 6:56 pm    Post subject: Housing & Key Money Reply with quote

Anyone know how much key money is needed for a decent place in Seoul? I just read a want ad for a writer. They offer 10M in key money and W300,000 monthly housing stipend. It's been a few years since I've lived in Seoul so I have no clue if this is good or bad. Any/all comments are welcome.
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spyro25



Joined: 23 Nov 2004

PostPosted: Sat Feb 17, 2007 7:39 pm    Post subject: Reply with quote

thats about standard, cheap even. i pay 10,000,000 and 280 a month for an apartment right in the middle of seomeyon, busan, which is the second most expensive area for apartments apart from haeundae in the city.
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faster



Joined: 03 Sep 2006

PostPosted: Sat Feb 17, 2007 8:36 pm    Post subject: Reply with quote

That's fair (the key money part, at least). 10 million is basic first key money, low-end. The way it works is the higher the key money, the lower the rent, but in bigger apts, low key money isn't often even an option.
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rjrs0510



Joined: 10 Feb 2006
Location: Seoul

PostPosted: Sun Feb 18, 2007 7:25 pm    Post subject: Reply with quote

For my place in Daechi dong, near Coex, I pay 10 mil deposit and 850 a month -_- It is, so I am told, cheap!
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