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Jeonse (English: / ˈ tʃ ʌ n s eɪ / CHUN-say; Korean: 전세; Hanja: 傳貰; Korean pronunciation: [tɕʌn.sʰe]), also known as chŏnse, key money deposit [1] or key money, [2] is a type of lease or deposit common in the South Korean real estate market.
South Korea's housing market grew as central bank interest rates were cut at the beginning of the coronavirus pandemic. During this period, many prospective homeowners sought loans at lower interest rates to buy homes. Since then, rising central bank interest rates have led to a noticeable downturn in the housing market.
South Korea's median house prices hit a peak in June 2021 after rising 45% over five years, according to Korea Real Estate Board data. Still, South Koreans cite high housing costs as the biggest ...
IGIS Asset Management (also IGIS; short for Integrated Global Investment Solution) is a real estate investment firm headquartered in Seoul, South Korea. IGIS is South Korea's largest real estate asset manager. In 2022, IREI ranked IGIS as the second largest real estate manager in Asia based on assets under management. [5]
The studio apartment Choi Soul recently scored might have the cheapest monthly rent in Seoul: 10,000 won, or about $7. “After I got the text message informing me I got it, I stared at it over ...
This page was last edited on 21 January 2025, at 18:13 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
December 14, 2007, The government pushed for the construction of the 3rd New Town in the Seoul Metropolitan Area to stabilize the real estate market (Songpa, Dongtan, and Geomdan). January 1, 2008, New BI L + (L +) Official Announcement.
Korea Land and Housing Corporation real estate scandal is a suspicion that some employees of Korea Land and Housing Corporation (LH) have speculatively purchased land worth 10 billion won in Gwangmyeong and Siheung. The land is in the new towns' business areas, per the Moon Jae-in government's third New Town plan. [1]