One-Room Monthly Rent Transaction Price Rises by About 20,000 Won Compared to Previous Month
A real estate agency office in downtown Seoul. Photo by Yonhap News Agency [Image source=Yonhap News]
Last month, the monthly rent transaction price for row houses and multi-family studio apartments in Seoul increased by about 20,000 KRW compared to the previous month.
Real estate information platform Dabang announced on the 29th that, based on actual transaction data from the Ministry of Land, Infrastructure and Transport, the average monthly rent for row houses and multi-family studio apartments in Seoul (exclusive area of 33㎡ or less) last month was 730,000 KRW (based on a deposit of 10 million KRW), which is about 20,000 KRW (2.6%) higher than the previous month.
The average jeonse deposit was 213.88 million KRW, up 760,000 KRW (0.4%) from the previous month. This amount represents the average price of jeonse and monthly rent contracts transacted that month. It differs from the overall market price of all studio apartments.
By autonomous district, the average monthly rent contract price was highest in Gangnam-gu at 912,000 KRW, which is a 5.85% increase from the previous month's average. At the same time, this corresponds to 125% of the Seoul average price (100% basis).
Additionally, the average monthly rent in 11 districts including Yeongdeungpo-gu (122%), Jungnang-gu and Yongsan-gu (119%), Gangseo-gu (116%), Seocho-gu (113%), Guro-gu (109%), Gwanak-gu (107%), Gangbuk-gu (104%), and Geumcheon-gu and Gwangjin-gu (103%) was higher than the Seoul average last month.
In September, the average jeonse deposit transaction amount for studio apartments was highest in Seocho-gu at 273.21 million KRW, which rose 2.8% compared to the previous month and corresponds to 128% of the Seoul average (100%). Additionally, jeonse deposits in eight districts including Jung-gu (123%), Gangnam-gu (121%), and Yongsan-gu (115%) were higher than the Seoul average.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
