당신은 주제를 찾고 있습니까 “seoul housing & communities corporation – detached 대지만 250평 넘는 평창동 손에 꼽히는 고급주택“? 다음 카테고리의 웹사이트 https://ppa.charoenmotorcycles.com 에서 귀하의 모든 질문에 답변해 드립니다: https://ppa.charoenmotorcycles.com/blog. 바로 아래에서 답을 찾을 수 있습니다. 작성자 안하우스TV 이(가) 작성한 기사에는 조회수 217,236회 및 좋아요 2,615개 개의 좋아요가 있습니다.
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#대저택#고급주택#평창동
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대지면적 263평 건물106평 규모의 평창동 대저택 입니다.
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In unaffordable Seoul, housing is at the centre of the S.Korea …
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Rent and Housing in South Korea – InterNations
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주제와 관련된 더 많은 사진을 참조하십시오 detached 대지만 250평 넘는 평창동 손에 꼽히는 고급주택. 댓글에서 더 많은 관련 이미지를 보거나 필요한 경우 더 많은 관련 기사를 볼 수 있습니다.
주제에 대한 기사 평가 seoul housing & communities corporation
- Author: 안하우스TV
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- Likes: 좋아요 2,615개
- Date Published: 2021. 5. 8.
- Video Url link: https://www.youtube.com/watch?v=CMiAJJxsLjQ
In unaffordable Seoul, housing is at the centre of the S.Korea election
SEOUL, March 1 (Reuters) – Lee Jae-hong would have had no trouble buying a home in the suburb of Ilsan on the outskirts of Seoul back in 2018. With a strong credit score and a job at a blue chip company, borrowing enough for an average apartment in the city costing about $562,000 was well within reach.
But the now 39-year-old held off thinking there would be better opportunities in the coming years – only to be “gobsmacked” by a near tripling of prices in his neighbourhood since President Moon Jae-in took office in 2017.
Housing has emerged as a critical issue in the presidential election slated for March 9, as Lee and millions of others who missed getting onto the property ladder blame the government for failing in its promises to make housing more affordable.
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“I would do anything, if I can go back in time, to buy something,” said Lee, who has delayed his marriage and retirement plans due to his financial uncertainty.
“Those who think they can control the (property) market should never be in power again.”
Now a YouTuber, Lee said he will vote for Yoon Suk-yeol from the opposition party, whose policy pledges including cutting capital gains taxes and deregulating rules on knock down-and-rebuild homes are regarded more market friendly than those of Lee Jae-myung from Moon’s progressive camp.
Lee’s decision not to buy a property left him far worse off than peers like Park Seong-eun.
Park ignored Moon’s policy visions and in 2017 bought two apartments in Gwangmyeong, west of Seoul, when local rules allowed him to borrow as much as 70% of a property’s value.
An on-paper gain of around 1.2 billion won ($1 million) on his investments mean his retail management job is now a choice not a necessity, said Park, who is also 39.
“When I have a bad day at work I think about retiring early and having a simple life. I can do that because prices doubled to over 1.1 billion won, both of them,” said Park.
He plans to vote for someone who would ease investment rules again so that he can buy one more property.
CURBS FAIL
Moon promised to make South Korea more equitable by curbing what he believed was the root causes of the country’s economic inequality, real estate speculation.
He raised capital gains taxes on multiple homes and repeatedly tightened loan restrictions, especially for higher priced apartments. Starting with Seoul, the government designated more and more parts of surrounding satellite cities as speculative zones subject to tightened mortgage rules and raised tax rates on ownership of pricey properties.
But his five-year term has been marked by endless debates about his policies, which critics say inflicted pain on those he intended to help and benefited those who did the opposite of what the government advised – snap up homes using debt.
Moon’s approval rating slid to 43% from as high as 84% when he took office in 2017, the latest poll by Gallup Korea showed. Those who disapprove of his performance cite his failure to tamp down real estate speculation as the biggest disappointment.
The average price of an apartment in Seoul more than doubled in the past five years to 1.26 billion won in January, making it less affordable than cities like New York, Tokyo and Singapore, relative to income. read more
Curbing real estate speculating is only one of many challenges the next leader will need to address, which includes sustaining growth at rates matching the economic potential after an estimated 4% expansion last year, the fastest since 2010. read more
Still, Moon’s pledges to fix some major economic problems remain unfulfilled.
The economy ended up creating an average of about 172,700 jobs per year between 2017 and 2021, fewer than half of what he had promised, after a combined 41.6% hike in minimum wages and a reduction in working hours.
For those who got on the property ladder, the future looks far brighter.
Jang Sung-won, 32, left his civil servant job in November to run a YouTube channel and write books as his 2019 purchase of a three-bedroom home gave him confidence that growing equity could be enough to support his pregnant wife and a child.
“I don’t think I could have made long-term plans, with our second child coming, without securing this home. That’s difficult if we are hopping from one studio or a small flat to another, right?”
“I’m just really grateful, but at the same time I feel bad for others my age. They will now need much more seed money to buy home.”
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($1 = 1,205.2800 won)
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Additional reporting by Dae-Woung Kim; Editing by Lincoln Feast.
Our Standards: The Thomson Reuters Trust Principles.
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Our Seoul apartment for rent offers every service required for you to find the right house, apartment or villa that suits your taste, needs and budget in Seoul Korea . With excellent rental list in Itaewon, Gangnam, Hannam-dong, Seoungbuk-dong, and other popular and desiable areas in Seoul. Rental and sales of every type of housing is available through us. We offer every service required for you to find the right house, apartment or villa in an area that suits your taste, needs and budget, with the greatest listing of properties available for residential, commercial or industrial use. With excellent property listings in Itaewon, Gangnam, Hannam-dong, Seongbuk-dong and other popular and desirable areas in Seoul, rental or sales of every type of housing is available through us. In addition to the most comprehensive group of listings to meet all criteria, our “one-stop” service concept includes full preliminary relocation support and after service features to ensure that you will find the best property for residency or business. We are confident that we can help you with any and all situations that may arise during your contract term. Apart from managing numerous villas, our primary mission is to make the transition from a foreigner’s home land to their new home in Korea a most pleasant experience. With the comprehensive services we offer, all of our clients are special and are treated like members of the family. Our extensive knowledge and experience in serving the needs of a vast variety of expatriates from every conceivable culture, combined with our sincere desire to help and our solid business practice, have enabled us to meet the needs and demands of a diverse clientele during their entire stay in Korea. Every detail relating to your relocation is considered from a professional assessment of your needs: finding and showing you properties, helping you with all the details of your contract, fully personalized services including assistance in arranging necessary utilities and essential services, advice and recommendations on how and where to find what you need, orientation to your new life in Seoul etc. We can assure you that you will be provided with the best quality service.
Rent and Housing in South Korea: Everything You Need to Know
Renting a House or an Apartment
There is some good and bad news for those thinking how to rent an apartment in South Korea. The good news is that the rental market is very fast and, once you land, you can find a place here in a matter of a week or two. South Korean rental prices are also not terribly expensive, especially when compared to some European and North American countries, but expats moving to Seoul should expect to pay the most. The bad news is that most of the apartments are quite small compared to what most expats might be used to.
Renting in South Korea as a Foreigner
The common problem that most foreigners come across when trying to find a place in Korea is that everything, including the most popular apps and websites for rentals, are in Korean. If you do not know the language you might struggle to find anything good and if you do, you will have trouble contacting or negotiating with your potential landlord.
Another problem that is very common in South Korea is misleading ads. It is not unusual for the apartment to look completely different than in the advertisement. Furthermore, the ads might be completely fake, designed to lure in a potential tenant. That is why it is highly advisable to hire a real estate agent that can communicate for you and get exactly what you are looking for. Contact local InterNations specialists to help you navigate the Korean rental market.
Things to Know When Looking for an Apartment
If you do decide to look around, there are a few things you have to keep in mind. For example, all expats that are looking for accommodation in South Korea will come across pyeong (평, 坪). It is a measuring unit used to measure the size of the apartment. One pyeong equals 3.31 square meters or 35.58 square feet. Balconies as well as public areas, such as hallways and stairwells, are included in the measurements when the property’s size is evaluated. Also, note that a deposit here is called “key money” and is very important when drawing up your lease. You can find more information about it further on in the guide.
Types of Accommodation in Korea
Apartments – these are more luxurious in Korea. Apartments here are high-rise complexes comprised of 8–16 buildings. The height and the number of the buildings might differ in smaller cities, but in general they are owned by a company that has its own brand (e.g.: Hyundai or Lotte). The apartments themselves are often bigger, with more than one room, about 30 pyeong. This is one of the pricier options available.
– these are more luxurious in Korea. Apartments here are high-rise complexes comprised of 8–16 buildings. The height and the number of the buildings might differ in smaller cities, but in general they are owned by a company that has its own brand (e.g.: Hyundai or Lotte). The apartments themselves are often bigger, with more than one room, about 30 pyeong. This is one of the pricier options available. Officetels – as the name suggests, these are a combination of an office and a hotel. These types of spaces are small and popular among people that live on their own and allow for the tenants to register their business at the address. They are studio-type rentals that have all the essentials in one room. These are an affordable option, especially for those living in big cities.
– as the name suggests, these are a combination of an office and a hotel. These types of spaces are small and popular among people that live on their own and allow for the tenants to register their business at the address. They are studio-type rentals that have all the essentials in one room. These are an affordable option, especially for those living in big cities. Villas – while it might sound like a big fancy house, villas are actually apartment buildings as well. These are usually situated further away from the center and have fewer than six floors. Typically, villas are individually owned, so your landlord might be living next door to you. The accommodation in these buildings is more spacious, with no elevator, and fewer residents. Compared to other options, villas are usually cheaper both in terms of rent and utilities.
– while it might sound like a big fancy house, villas are actually apartment buildings as well. These are usually situated further away from the center and have fewer than six floors. Typically, villas are individually owned, so your landlord might be living next door to you. The accommodation in these buildings is more spacious, with no elevator, and fewer residents. Compared to other options, villas are usually cheaper both in terms of rent and utilities. Houses – single story homes are very rare and expensive in South Korea. However, they are available further away from the big cities. If you want to rent a house while still enjoying the commodities offered by local metropolises, you will need to pay a substantial amount for both, your deposit and the monthly rent.
What is Korean Accommodation Like?
Note that most accommodation in South Korea is pretty small. It is not unusual for a person to live in a 300 square feet apartment (9 pyeong). If you are used to bigger spaces and you are looking for one in Korea, be prepared to pay a lot of money for it.
Should you expect a furnished or unfurnished apartment? If you are lucky, you might find accommodation that offers more than just the white goods. However, unfurnished places are way more common.
Rental Process and Rules
The real estate market in South Korea likes to keep you on your toes. When going to apartment viewings, you need to be quick and decisive. Your real estate agent might give you only a few minutes to decide whether the place you are visiting is suitable for you. The upside of this is that the rental process here is very fast. You should have the documents signed and ready within a week or two of choosing the place. For that same reason, you shouldn’t start looking for a place too early in advance––one month prior to when you want to move is usually more than enough.
Rental Contract and Deposit
There are three types of rental contracts in South Korea:
wolse (월세)
jeonse (전세)
banjeonse (반전세)
Wolse
Wolse is a western type of lease that most expats sign when they find a place in Korea. It involves putting down a deposit (called “key money”) and paying rent every month. The rent is usually set, yet you can negotiate, by asking to increase the key money and lower the rent. As the key money is kept in an account with interest rates, this type of negotiation is beneficial for both the landlord and the tenant. At the end of your stay, if no damage is done to the apartment, you receive your key money back.
Jeonse
A Jeonse contract requires the tenant to put down key money that pretty much equals the price of the property and no actual rent is paid. Usually, this means your key money will be around 200 million KRW (170,800 USD). No rent payments are necessary as your landlord collects the interest rate for the deposit for the length of the contract (usually two years) and at the end you get all of your deposit back.
People who do not have a couple hundred million won in their pocket can take out a bank loan for a jeonse type of contract and pay monthly installments to the bank. These types of payments are usually lower than average rent, so both the tenant and the landlord are profiting from this type of arrangement. A Jeonse contract is very popular among Koreans, but is rarely seen among expats, as they cannot take out bank loans this size for lease purposes.
Banjeonse
Banjeonse literally translates to half-jeonse. This type of contract is a sort of mixture of wolse and jeonse where the tenant needs to put down a sizable deposit and pay rent every month. However, both the key money and monthly payments are lower. In this case, the deposit is about 100 million KRW (85,500 USD).
In general, no matter the type, most contracts last at least two years. However, if you do want to sign a one-year lease, you might be able to negotiate that with your landlord. If no new contract is drawn up six months prior to the end of the lease, the tenant can continue to live in the property under the same rules. You are allowed to break your lease if you desire to leave earlier than the contract intends. However, how you go about it depends on the landlord you are dealing with.
It is advisable to sort out all the documentation with your real estate agent. They will take care nothing is missing from the paperwork and act as a witness to your deposit down payment. That way you can be more certain that you will get back your key money after the lease is over. Find a real estate agent in Korea that suits your needs by contacting InterNations.
Pricing and Average Rent in South Korea
In South Korea, the ratio of the monthly rent and the key money (deposit) is very important. The more you can put down as your key money, the lower your monthly rent installments have to be.
When looking through the listings you will find that both the key money and the monthly rent is noted. The first number is the key money and the second one, after the slash, indicates the monthly payments (e.g.: 500/45).
Understanding Korean Numbers
When calculating what is affordable to you, remember to read the Korean numbers accurately. These are common numbers you will come across when looking for a place:
천 – thousand (if you see this symbol, add three 0’s to the number quoted on the ad)
만 – ten thousand (if you see this symbol, add four 0’s to the number quoted on the ad)
억 – 100 million (if you see this symbol, add eight 0’s to the number quoted on the ad)
Note that if there is no Korean symbol next to the number quoted on the ad, you should add four 0’s at the end of the number to know the actual price. For example, the listing can say “500/45” which means the key money is 5 million KRW (4,300 USD), while rent is 450,000 KRW (385 USD) per month.
Key Money
The ratio of key money versus rent is important when trying to understand average house prices in Korea. The minimum key money you should expect to pay is at least 3–5 million KWR (2,500–4,300 USD), while the average is about 10 million KRW (8,500 USD) for a small studio in an officetel. Note that it is not uncommon to pay double, triple, or even ten times that if you are planning on renting a bigger place or looking for something in a popular area. When it comes to fancy apartments, it will usually be the key money that will skyrocket and not the monthly rent payments.
Minimum monthly house rent in South Korea is around 300,000 KRW (250 USD) for a small officetel studio (5–8 pyeong). On average, however, expect to pay about 500,000 KRW (425 USD) per month for this type of accommodation in big cities. Bigger apartments in Seoul average around 1 million KRW (850 USD) per month, yet it is not uncommon to see listings with 5–6 million KRW (4,300–5,100 USD) monthly price tags.
Utility Bills Payment
Gwanlibi (관리비), is a service fee that is usually not included in the price of your listing. These additional monthly payments might cover your building’s security, cleaning services, elevator maintenance, or even your cable or internet. Each building includes different types of services as gwanlibi, so make sure you know what your payments cover. Expect it to be around 100,000 KRW (85 USD).
It is rare for your rent or your gwanlibi to cover your energy and water bills. In most cases, you have to pay them on top of your rent. However, if your building does include all of your bills in gwanlibi, expect for it to be fairly high.
Requirements and Documents for Renting
The documents required for setting up a lease differ depending on what type of contract you are signing. For example, if you have the funds to opt for a jeonse contract, you will not need to prove your employment. However, if you are signing a wolse type of lease, your landlord will most probably ask for your work contract. In general, you will need your passport, visa, and Alien Registration Card.
Short-Term Rentals
As visiting the potential accommodation is important before signing the lease, it is highly advised to find a short-term place when you first move to South Korea. Your best options are serviced apartments and private listings, such as Airbnb, that are available for rent under short-term leases. Many expats tend to opt for them as they are reliable, and their websites are available in languages other than Korean.
The average price for temporary rentals is typically higher than what you would pay for a place with a long-term lease. You can expect to spend around 40–80 USD per night for a place in bigger cities such as Seoul or Busan. If you opt for more luxurious monthly furnished rentals, you might be charged 120–200 USD per night.
However, the important thing to know is that the accommodation hunt does not take too long here. You might be able to leave the short-term rental place about a week or two after you arrive.
What the documents do you need in order to rent? In general, the requirements are minimal. A form of ID is often sufficient enough to prove your legitimacy to your landlord.
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South Koreans struggle to climb property ladder as prices explode
The average price of an apartment in Seoul has doubled in five years despite government efforts to cool the market.
Incheon, South Korea – Until recently, Lee Ju-hyeon did not take the idea of buying a home seriously.
But when Lee, 33, began to look for a place to live with her soon-to-be husband, she was shocked to see how much prices had soared.
“We are looking for a house about 66 square metres within the 400 million won ($316,000) price range,” Lee, who works as a journalist, told Al Jazeera. “But now the prices are unrealistic.”
Only five years ago, Lee would have found her search far easier.
The average apartment in Lee’s district of Eunpyeong, northwest Seoul, cost 470 million won ($370,000) in 2017, according to KB Kookmin Bank’s house price tracker.
It now exceeds 900 million won ($709,000).
Like many other prospective home buyers, Lee is now considering migrating northwest to neighbouring Gyeonggi Province, where prices are lower than Seoul.
Under outgoing left-leaning president Moon Jae-in, South Korea has experienced an extraordinary surge in property prices.
Yoon Seok-yeol, his conservative successor who takes office on May 10, has pledged to address the issue by cutting taxes and easing regulations on the building of new homes.
The average sale price of a home in the greater Seoul area shot up from 341 million won ($274,000) in May 2017, when Moon was inaugurated, to 626 million won ($503,000) as of March 2022, according to the Korea Real Estate Board.
The average cost of a Seoul apartment, the most sought after type of property in South Korea, climbed to greater heights still, rising from 607 million won ($488,000) to 1.2 billion won ($944,000) over the same period, according to KB Kookmin Bank data.
Moon, a former human rights lawyer who campaigned on closing the gap between rich and poor, made stabilising housing prices a key agenda of his administration, implementing more than 20 related measures, including raising taxes and constraining mortgage loans.
“Our government’s resolve in stabilising the housing market, protecting actual demand, and controlling speculation is firm,” Moon said in his New Year’s speech in 2020.
“We will not lose the war against housing speculation.”
Many economists, however, say Moon’s policies in fact aggravated the situation.
In a 2020 survey by the Korean Economic Association, more than 70 percent of economists who responded said the administration’s policies, which focused on trying to tame speculation rather than increasing housing supply, made the situation worse.
“Designating certain areas as ‘speculation-ridden areas’ and introducing a permit system for transactions sent a signal to people that the prices will go up,” Kim Jun-seong, a professor at Kyung Hee University in Seoul, said in a response to the survey.
“This wasn’t something the government, which has more information than individual market participants, should do, and I believe this affected the housing price surge a lot.”
But while the red hot market has left many young first-time buyers behind, it has created big winners, too.
Mo Ji-woong, a 37-year-old photographer, bought a house in Gimpo, 20km west of Seoul, when he and his girlfriend decided to live together four years ago.
“‘Why on earth do you plan to buy a house in times like this? Can’t you see the prices are so high?’ they used to say,” Mo told Al Jazeera, recalling his friends’ reaction at the time.
“Many of my friends are left-leaning, and they more or less had faith that the Moon administration would bring down house prices.”
Mo said his Gimpo apartment is now worth twice what he paid for it.
Despite being aimed at cooling prices, some of the government’s mortgage policies have been blamed for making it difficult for would-be buyers who might otherwise be able to afford a home.
Moon’s administration cut the loan-to-value ratio – the amount a buyer is allowed to borrow relative to the price of a property – in Seoul from 70 percent to 40 percent for properties valued up to 900 million won, with the ratio further reduced to 20 percent for amounts in excess of the 900 million won threshold.
For would-be buyers like Lee, the rules have made getting a loan a struggle.
“Our combined income isn’t that small, but somehow it becomes an impediment to getting a loan from the bank,” Lee said.
“I even looked for government-subsidised loans, but they are only available to people on lower income,” she added. “All this doesn’t accommodate the reality.”
In a country where real estate accounts for more than 60 per cent of household assets, the increasing unaffordability has resulted in a yawning generational gap in house ownership and wealth.
An analysis of the 2020 Korea Housing Survey shows that house ownership nosedives in people younger than 40.
“The housing ladder for the Korean middle class had been somewhat stable for those born in the 1970s,” Cho Gwi-dong, an independent economic researcher, told Al Jazeera.
“But it begins to falter for those who were born after 1981. When it comes to those born in the late 80s, housing mobility just collapses.”
This gap helps explain why generation Z and millennial South Koreans are so antagonistic towards the older generation, Cho said.
Moon’s housing policy was widely considered a key factor in Yoon’s victory over the ruling party candidate, Lee Jae-myung, in March’s presidential election. During his campaign, Yoon promised to cut property and capital gains taxes and boost the housing supply by easing regulations.
However, experts say it may take some time to see Yoon’s housing policy promises fully realised, while some experts warn that deregulating the market could stimulate prices further.
“While the market expectation for deregulation is high, the new administration is likely to gradually push ahead with deregulation,” Ha Seo-jin, a senior researcher at the Hana Institute of Finance think-tank, told Al Jazeera.
The most anticipated deregulation affecting construction might come after an easing of financial regulations, Ha added.
“Hearing that they will ease the loan regulation makes me excited,” Lee said. “But I’m also worried the prices might go up as well. It’s complicated, but at least I guess I’ll be less worried when I go to the bank for a loan.”
Mo, on the other hand, believes that there is little the government can do about the market.
“To me, Yoon’s housing policy sounds like empty words just to appease the people,” he said.
“Every administration has done that. At the end of the day, it’s about how people adapt to a new administration and a new policy.”
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