Nine One Hannam — Recorded Rentals by Unit Type —

Seoul · Yongsan · Hannam-dong

Nine One Hannam

— Recorded Rentals by Unit Type —

January 2021 — May 2026  ·  341 units  ·  4 unit types  ·  46 jeonse + 27 wolse transactions

Concept Note · Korean Residential Leasing

Jeonse (전세) is a uniquely Korean lease structure with no monthly rent. The tenant places a single lump-sum deposit — typically 50–70% of the home’s market value — with the landlord. The landlord earns income by investing or leveraging the deposit during the lease (commonly two years), then returns the full amount at lease end.

Deposit protection is provided through several mechanisms: registration of a jeonse right (전세권 설정) or collateral mortgage (근저당권 설정) on the property title, and the government-backed Jeonse Deposit Return Guarantee (전세보증보험) — though the latter applies only up to statutory price thresholds and therefore does not cover high-value units. Korean law otherwise provides strong statutory protections for tenants; however, the current administration has been moving to curtail and ultimately phase out these protections as part of a broader deregulation policy.

Wolse (월세) is a hybrid: a smaller deposit plus ongoing monthly rent. The two figures trade off — a higher deposit means a lower monthly payment, and vice versa.

Jeonse-to-Wolse Conversion Rate is the implied annual yield used to translate deposit into monthly rent, published by the Bank of Korea. For Seoul apartments it has hovered around 4–6% in recent years. This document normalises every wolse contract to a common ₩100M (1 eok) deposit basis using a 5% conversion rate, allowing direct comparison across deals with very different deposit/monthly structures.

Pricing convention: All deposits in ₩100M (eok) — one eok equals one hundred million won, roughly USD 73,000 at recent rates. Monthly rents are shown in millions of won (₩M).

I. Structure · Unit Composition

Unit Type	Net Area	Built Form	Units
75 pyeong · Type 206	206.90㎡	Tower · blocks 101–104 (4 blocks)	174
89 pyeong · Type 244	244.35㎡	Tower · blocks 105–109 (5 blocks)	114
100 pyeong · Type 273	273.41㎡	Duplex · ground floor across all 9 blocks	43
Type 244PA  Penthouse	244.35㎡	Top floor · blocks 101–104 only · per-floor private elevator	10
Total			341

Nine One Hannam completed November 2019 · 91 Hannam-daero, Yongsan-gu, Seoul · 9 blocks (101–109) · B3–9F · 4.67 parking spaces per unit · Gated community, four-tier security, indoor pool, golf range, wine cellar, party room, guest house. Type 244PA occupies the 9th floor of blocks 101–104 exclusively, with per-floor private elevator access; it shares the net area of Type 244 but carries a distinct configuration.

Part A

Jeonse (전세)

전세금 · 46건

II. Transactions · Jeonse Deposit Trends by Unit Type

75 pyeong · Type 206 (206.90㎡) · 35 txns · ₩34.0–83.0 · avg ₩63.3

89 pyeong · Type 244 (244.35㎡) · 11 txns · ₩60.0–100.0 · avg ₩78.1

Contract date basis  ·  open ring = renewal contract  ·  each type uses its own Y-axis scale  ·  source: MOLIT
Type 273 and Type 244PA: no jeonse transactions recorded in this period

III. Price Summary · Jeonse Deposits by Unit Type

All deposits in ₩100M (eok). ₩100M ≈ USD 73,000 at recent rates.

Unit Type	Txns	Min	Max	Avg	Median
75 pyeong · Type 206 (206.90㎡)	35	₩34.0	₩83.0	₩63.3	₩65.0
89 pyeong · Type 244 (244.35㎡)	11	₩60.0	₩100.0	₩78.1	₩80.0
100 pyeong · Type 273 (273.41㎡)	0	No jeonse transactions recorded in this period
Type 244PA — Penthouse (244.35㎡)	0	No jeonse transactions recorded in this period
Total	46	₩34.0	₩100.0	—	—

※ Source: Korea Ministry of Land, Infrastructure and Transport · Real Estate Transaction Disclosure System
※ 78 raw records across 7 annual files · cross-file duplicates removed · 5 anomalous or erroneous reports excluded · 73 records in final analysis set
※ Contract date basis · Compiled by Quiet Property

Part B

Wolse (월세)

월세 · 27건 · Normalised to a ₩100M deposit basis using a 5% conversion rate

IV. Transactions · Normalised Monthly Rent by Unit Type

75 pyeong · Type 206 (206.90㎡) · 20 txns · norm. ₩24.5M–35.2M · avg ₩31.1M

89 pyeong · Type 244 (244.35㎡) · 6 txns · norm. ₩30.8M–41.5M · avg ₩36.5M

100 pyeong · Type 273 (273.41㎡) · 1 txn · norm. ₩48.9M — single transaction reference

Normalisation: Recorded monthly rent + (Deposit − ₩100M) × 5% ÷ 12  ·  open ring = renewal contract
Each type uses its own Y-axis scale  ·  5% rate matches BOK Seoul-apartment average  ·  Type 244PA: no wolse transactions recorded in this period

V. Price Summary · Wolse by Unit Type

Deposits in ₩100M (eok); monthly rents in ₩M (millions of won). Normalised column applies a 5% conversion rate to a ₩100M deposit basis.

Unit Type	Txns	Recorded Range		Normalised Monthly Rent (₩100M basis)
		Deposit	Monthly	Min–Max	Avg	Median
75 pyeong · Type 206 (206.90㎡)	20	₩7.0–60.0	₩10.0M–30.0M	₩24.5M–35.2M	₩31.1M	₩31.6M
89 pyeong · Type 244 (244.35㎡)	6	₩3.0–55.0	₩12.0M–40.0M	₩30.8M–41.5M	₩36.5M	₩36.6M
100 pyeong · Type 273 (273.41㎡)	1	₩20.0	₩41.0M	₩48.9M	₩48.9M	₩48.9M
Type 244PA — Penthouse (244.35㎡)	0	No wolse transactions recorded in this period
Total	27	—	—	—	—	—

※ Source: Korea Ministry of Land, Infrastructure and Transport · Real Estate Transaction Disclosure System
※ Normalisation: Recorded monthly rent + (Deposit − ₩100M) × 5% ÷ 12
※ Unit type classified by net floor area · Wolse conversion rate 5% · 5 erroneous or anomalous reports excluded
※ Compiled by Quiet Property

Quiet Property  ·  Jin Kong
jin@quietproperty.kr
quietproperty.kr