Archive for April 2016

A Beutiful Single-Detached House in Pyeongchang Dong KRW 15,000,000/ USD 15,000 PCM

08:41 by Unknown 0 Comments A⁺ a^-

Property No. GBR0001

Asking Price : 15,000,000 KRW/ 15,000 USD PCM

Location : Pyeongchang-Dong, Gangbuk Area

House Type: Single-Detached House

Size: Site 528m2 / Built 429m2

4 Beds/ 3 Baths

This luxury house is especially suitable for those high-end persons who care much about calm and private life-style. It has spacious 4 bed rooms and 3 baths, and the most distinguishable feature is the beautiful and well-maintained garden. Viewing is absolutely recommended. Available Now.

We have much more properties that are not posted in this blog, please visit our homepage or contact us for more information.

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4 Beds Luxury Villa in Hannam-dong, Gangbuk-Area, KRW 5,000,000 / USD 5,000 PCM

23:22 by Unknown 0 Comments A⁺ a^-

Property No. GBR0006

Asking Price: KRW5,000,000 / USD 5,000 PCM

Location: Hannam-Dong, Yongsan-Gu, Gangbuk Area

House Type : Villa (Low Rise Apartment)

Furnishing: Fully Furnished

Size: Gross 231m2 / Net 148.5m2

4 Beds/ 2 Baths

Boasting over 200 square meter size is this spacious and luxury 4 bedrooms villa. This beautiful villa is ideally situated in the heart of Hannam-Dong where many embassies are also located in. The property comprises of large 4 bedrooms, 2 modern style bathrooms, a large reception area, kitchen and balconies. Further benefits include fitted (built-in) wardrobes in the bedrooms and easy access to public transport.

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Different Types of Korean Property Rent System

01:49 by Unknown 0 Comments A⁺ a^-

Korean Property Rent System

Jeonse (Lump-sum Deposit)

(Hangul: 전세; Hanja: 傳貰) is a real estate term unique to South Korea that refers to the way houses are leased. This type of rent system comprises of almost 50% of the total rental property market. Instead of paying monthly rent, a renter will make a lump-sum deposit on a rental space, at anywhere from 50% to 80% of the market value.

Jeonse involves the tenant giving the landlord a large sum of "key money" when a lease is signed. The amount of money required depends on the economy and the location of the property. Usually the amount required was 50% of the property's value, but can be as high as 60-80% or even 90% these days. The tenant is then allowed to stay in the property "rent-free", not requiring any additional monthly payments, until the end of the lease, which is usually 2 years. Utilities and other costs (water, gas, electricity, cable TV, phone, internet, and, security, so called Maintenance cost) are applied for and paid by the tenant.

The landlord makes a return by taking the deposit money and investing it and keeping all interest earned on the deposit. The tenant's deposit is protected by having a lien issued against the property for the amount given. Also, the tenant’s deposit is legally protected against mortgage if the date of lease agreement is prior to the mortgage.

The entire deposit is then returned to the tenant at the end of the lease. In rare cases where damage has been done to the property, the damage has to be fixed to the landlord's standard before a landlord will return the deposit.

Wolse (Monthly Rent)

This type of rent system is much similar to the usual monthly rent found in most of western countries.

During times of lower interest rates, wolse (월세), or monthly rent, is more often used. With a wolse lease, a renter signs a lease for 1 or 2 years and makes a deposit on the property equal to perhaps 10% of the market value. The renter then pays monthly rent.

Utilities and Other Costs (So called Maintenance costs).

Gas, electricity, water, internet, cable TV, telephone and internet bills are usually paid by tenants in both systems; Monthly rent and Lump-sum deposit rent. But, sometimes, these bills may be all-included in the monthly rent. (Not in Lump-sum Jeonse system).

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Why The Hell is So Much Deposit Required for Rental Property in Korea?

22:04 by Unknown 1 Comments A⁺ a^-

Okay, I've heard loads of complaints that the deposit required to rent a residential property is considered to be ridiculously high in Seoul. Sometimes, you may be asked
to make an advance payment for the entire contract period in order to avoid this lump-sum deposit. Trust me, it's got nothing to do with discrimination or whatsoever.

This is a practical question, and it needs to be explained before your anger
explodes.The reason is, it's very difficult to evict tenants whose rents have fallen into arrears. It usually takes at least 6 months or sometimes up to 1 or 2 years to evict tenants with rents in arrears, depending on the speed of the court work process.

What's more, as you may already know, most of Korean residential properties are apartments. And living in an apartment incurs another cost known as Maintenance Fee
which comprises utilities bills, cleaning of common use spaces, security and so on.
Those tenants with so many other bills to pay usually ignore this maintenance fee, and this becomes the landlord's debt. The landlord cannot have another rent contract until the maintenance fee is fully-paid. An average maintenance cost for a 3 rooms-apartment is about KRW 200,000~300,000 per calendar month (USD 200~300 PCM).

So, in landlords' point of view, what they lose from having such tenants is not only the monthly rent foregone but also the maintenance fee they have to pay instead of tenants. This is why landlords sometimes ask for 2-year-rent worth deposit.

And the last one, the type of rent could be Ban-Jeonse, which literally means "half-Jeonse" and in this case, the deposit required may be high while the monthly rent can be much cheaper than that of normal Wolse. If you do not know much about Korean Property Rent System, you can find the information about it in this blog.

Since the amount of deposit is quite much, you may be worrying if your deposit is safe.

I'd like to advise you that your money is safe. If you registered your moving-in at the community service center, then, your deposit is protected by Housing Lease Protection Act. The deposit will be fully-refunded upon termination of lease unless you had damaged the house too much or set fire to the property

Don't get frustrated if the property you have in your mind requires too much deposit.
There's always a chance for negotiation. So, what you need to do is "ASK" first.

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List of International Schools in Seoul

19:43 by Unknown 0 Comments A⁺ a^-

Here is the list of all the international schools in Seoul. Hope you find it informative.

International Schools in SEOUL

● Language Spoken: English

1. Dulwich College Seoul (덜위치컬리지서울영국학교)

Location: Banpo-Dong, Seocho-Gu

Homepage: http://www.dulwich-seoul.kr/

Address: 6 Sinbanpo-ro 15-gil, Seocho-gu, Seoul, South Korea, 06504

(서울특별시 서초구 신반포로15길 6)

Telephone: +82-2-3015-8517

E-mail: admissions@dulwich-seoul.kr

2. Rainbow International School (레인보우외국인학교)

Location: Yangjae-Dong, Seocho-Gu

Homepage: http://www.rischool.org/

Address: 7-16, Nambusunhwan-ro 364-gil, Seocho-gu, Seoul, South Korea, 06739

(서울특별시 서초구 양재1동 2-32)

Telephone: +82-2-571-2917/18

E-mail: infor@rischool.org

3. Seoul International School (SIS-서울국제학교)

Location: Bokjeong-Dong, Seongnam-Si

This school is actually located in Gyeonggi-do, but is included in Seoul list as the school is so closed to South Seoul that students living in Seoul won’t have difficulties in commuting to the school.

Homepage: https://siskorea.org/

Address: 15 Seongnam-daero 1518 beon-gil, Sujeong-gu, Seongnam-si, Gyeonggi-do, South Korea, 13113

(경기도 성남시 수정구 성남대로1518번길 15)

Telephone: +82-31-750-1200

E-mail: info@siskorea.org

4. Dwight School Seoul (서울드와이트외국인학교)

Location: Sangam-dong, Mapo-gu

Homepage: http://www.dwight.or.kr

Address: 21 World Cup Buk-ro 62-gil, Mapo-gu, Seoul, South Korea, 03919

(서울시 마포구 월드컵북로62길21)

Telephone: +82-2-6920-8600

E-mail: admissions@dwight.or.kr

5. Seoul Academy International School (서울아카데미국제학교)

Location: Daechi-dong, Gangnam-gu.

Homepage: http://www.seoulacademy.net/

Address: 16, Samseongno 64-gil, Gangnam-gu, Seoul, South Korea, 135-849

(서울특별시 강남구 삼성로 64길16)

Telephone: +82-2-554-1690/ +82-2-555-2475

E-mail: sais5541690@hanmail.net

6. Seoul Foreign School (SFS-서울외국인학교)

Location: Yeonhui-dong, Seodaemun-gu

Homepage: http://www.seoulforeign.org

Address: 39-1, Yeonhui-ro 22-gil, Seodaemun-gu, Seoul, South Korea, 03723

(서울시 서대문구 연희로 22길39-1)

Telephone: +82-2-330-3100

E-mail: sfsoffice@seoulforeign.org

This school has a kindergarten near Namsan (Namsan Mountain)

7. Yongsan International School of Seoul (YISS-서울용산국제학교)

Location: Hannam-dong, Yongsan-gu

Homepage: http://yisseoul.org

Address: 285 Itaewon-ro, Yongsan-gu, Seoul, South Korea, 04347

(서울시 용산구 이태원로 285)

Telephone: +82-2-797-5104

E-mail: information@yisseoul.org

8. Centennial Christian School International (CCSI-센테니얼크리스천 스쿨)

Location: Yongsan-dong 2-ga, Yongsan-gu

Homepage: http://www.ccslions.com/

Address: 20, ShinHeung-ro 26-gil, Yongsan-gu, Seoul, South Korea, 140-833

(서울시 용산구 신흥로 26길20)

Telephone: +82-2-772-9275

E-mail: office@ccslions.com

9. Asia Pacific International School (APIS Global-아시아퍼시픽국제외국인학교)

Location: Wolgye-dong, Nowon-gu

Homepage: http://apis.org/

Address: 57 Wolgye-ro 45ga-gil, Nowon-gu, Seoul, South Korea, 01874

(서울시 노원구 월계로 45가길57)

Telephone: +82-2-907-2747

E-mail: apis@apis.seoul.kr

10. Global Christian Foreign School (GCFS-지구촌기독외국인학교)

Location: Hannam-dong, Yongsan-gu

Homepage: http://www.gcfskorea.org

Address: 115 Dokseodang-ro, Yongsan-gu, Seoul, South Korea, 04419

(서울시 용산구 독서당로 115)

Telephone: +82-2-797-0234

E-mail: admin@gcfskorea.org

11. Korea International School (KIS-한국외국인학교)

The school has campus in 3 locations: Seoul, Pangyo (Gyeonggi-do), and Jeju-do.

Location: Gaepo-dong, Gangnam-gu (Seoul Campus)

Homepage: http://kisseoul.org/

Address: 408, Gaepo-ro, Gangnam-gu, Seoul, South Korea, 06324

(서울시 강남구 개포로 408)

Telephone: +82-2-3496-0510

E-mail: eyinfo@kis.or.kr

12. Korea Kent Foreign School (KKFS-한국켄트외국인학교)

Location: Neung-dong, Gwangjin-gu

Hompage: http://www.kkfs.org

Address: 13, Jayang-ro 35-gil, Gwangjin-gu, Seoul, South Korea, 143-200

(서울시 광진구 자양로 35길 13)

Telephone: +82-2-2201-7091

E-mail: kkfs@kkfs.org

● Language Spoken: Deutsch

1. Deutsche Schule Seoul (서울독일학교)

Location: Hannam-dong, Yongsan-gu

Homepage: http://www.dsseoul.org/

● Language Spoken: Francais

1. Lycée français de Séoul (서울프랑스학교)

Location: Banpo-dong, Seocho-gu

Homepage: http://www.lfseoul.org/

2. Lycée International Xavier (하비에르국제학교)

Location: Gugi-dong, Jongno-gu

Homepage: http://xavier.sc.kr

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A Fabulous Villa located in Geumgok-dong, Pangyo, Bundang Area KRW 3,200,000/ USD 3,200 PCM

23:39 by Unknown 0 Comments A⁺ a^-

Property No. SR0001

Asking Price: KRW Deposit 30mil-Rent 3.2mil/ USD Deposit 30,000 - Rent 3,200

Location : Geumgok-Dong, Pangyo, Bundang Area

House Type: Villa (Town Village)

Floor : 3rd

Full-Furnished

Size: Gross 132m2 / Net 90.75m2 + 16.5m2(Storage Space)

2 Beds/ 2 Baths

Various life-convenient amenities are nearby (Gym, Sauna, Aesthetics, Clinics, Movie theater, Library, Billiard Club, Karaoke). Restaurants and Cafeterias and convenient store are located inside the village. Closed to hospital and Korea International School Pangyo Campus. This one has a spacious storage space (16.5m2). Available from May 2016

We have much more properties that are not posted in this blog, please visit our homepage or contact us for more information.

An Apartment Near Namsan/ Best Location for both Gangbuk and Gangnam Area KRW 2,500,000/ USD 2,500 PCM

21:09 by Unknown 0 Comments A⁺ a^-

Property No. GBR0005

Asking Price : KRW 2,500,000/ USD 2,500 PCM

Location: Shindang-Dong, Joong-Gu, Gangbuk Area (Near Namsan Montain)

House Type: Apartment (High-Rise)

Floor: 11th

Fully Furnished

Size: Gross: 106.63m2/ Net: 84.88m2

3 Beds/ 2Baths

If you are looking for an apartment in good location, I strongly recommend this property. This one is really closed to subway station (Line 3), and has an easy access to both Gangnam and central Seoul.

Recently renovated. Furnishing includes refrigerator, gas oven, washing machine, couch, bed, dinning table,,,,, You have to come and see for yourself.

We have much more properties that are not posted in this blog, please visit our homepage or contact us for more information.

Am I entitled to benefit from "National Health Insurance"?

07:36 by Unknown 0 Comments A⁺ a^-

Now, You've arrived in Seoul, with a hope that you won't get sick in bed in this far-east country.

But what if you get ill? Is it expensive to see a doctor in Korea?

Most probably, you would never want to pay USD 100 everytime you get flu.

Quite a few of expats have traveler's insurance that covers medical expenses during their stay. But

that might cost pretty much or the coverage might not be wide enough to cover all different kinds of

diseases you might encounter during your stay. (Trust me, Korea is quite safe in terms of epidemics).

Fortunately, this country does not charge you much for seeing a doctor or a dentist. In fact, it's quite

cheap to get medical care if you are entitled to benefit from the National Health Insurance. Seeing a

doctor and medication will cost about USD 5-10 for minor diseases like flu.

Follow the link given below to see if you are eligible for National Health Insurance

http://www.nhis.or.kr/static/html/wbd/g/a/wbdga0601.html

Tags: medical insurance korea, medical care korea, hospitals in seoul, hospitals in korea, national health insurance, 외국인 병원, 외국인 의료보험

Spacious Villa in Yeoksam-Dong, Gangnam Area KRW 5,000,000 / USD 5,000 PCM

01:25 by Unknown 0 Comments A⁺ a^-

Property No. GNR0003

Asking Price : KRW 5,000,000/ USD 5,000

Location : Yeoksam-Dong, Gangnam-Gu, Gangnam Area

House Type: Villa (Low Rise Apartment)

Partly Furnished (Full-furnishing Negotiable)

Size: Gross 221 m2/ Net 178 m2

4 Beds/ 2Baths

RENTED OUT

The villa is located in the heart of Gangnam-Gu, the best location for those who want urban life style and, care about security. Needless to say the location is superb. The property has almost all convenient appliances built-in. The property is available now.

We have much more properties that are not posted in this blog, please visit our homepage or contact us for more information.