The average monthly rent for studio apartments in Seoul fell to the 600,000 won range on Dec.. The deposit rose slightly from the previous month.
According to the "December Dabang Map" released by the real estate information platform Dabang on the 22nd, last month the monthly rent for studio apartments in Seoul's row houses and multi-family homes with exclusive areas of 33 square meters or less was 640,000 won, based on a 10 million won deposit. That was down 70,000 won (10.4%) from the previous month.
The Dabang Map is a map created based on the Ministry of Land, Infrastructure and Transport's actual transaction price disclosure system that allows users to view average monthly rents and jeonse deposits for studio apartments by autonomous district in Seoul. Using the Seoul average market price as the baseline (100%), exceeding that level means the monthly rent or deposit is higher than average. Last month, the average jeonse deposit for studio apartments in Seoul was 211.94 million won, up 1.31 million won (0.6%) from the previous month.
By district, Gangnam District had the highest average monthly rent for studio apartments at 900,000 won (140%). Seocho District (134%), Jungnang District (125%), Yongsan District (111%), and Yangcheon District (109%) followed.
The highest jeonse deposit was in Seocho District (265.76 million won · 125%). Next were Gangnam District and Seongdong District (114%), followed by Dongjak District (111%).