Quiet Property

Where Hannam Tower Once Stood: The Quiet Arrival of Soyo Hannam by PARNAS A short note from Quiet Property Image courtesy of Soyo Hannam by PARNAS Over the years, almost as a natural extension of my work, I have come to spend a great deal of time watching how certain addresses in a city quietly change their countenance. I tend to notice the narrative of a site before its transaction figures, and I find myself keeping short, private records of the parcels that stay with me. The one I would like to set down today is a site I have been quietly observing for some time: 730 Hannam-dong, Yongsan-gu, Seoul . The parcel once held a high-end residence known as Hannam Tower . Plans were drawn, in turn, to redevelop it as Hannam Hildesheim , and later to convert the site into a premium office building. For a stretch of time, the lot served simply as a paid car park bearing the modest name "Hannam-dong 730 Parking Lot." For someone who loves Hannam-dong, the journey of th...

Asking Price Notes · Jeonse · Hannam & Cheongdam · 20 October 2026 This is the jeonse companion to the sale asking price entry of the same date. The purpose has not changed: recorded transaction prices only tell part of the story, and usually late, so I am compiling asking prices, sale and jeonse prices per pyeong, and jeonse-to-sale ratios when I can, and letting the record accumulate until it begins to say something on its own. For readers less familiar with the arrangement: jeonse is Korea’s lump-sum deposit lease. The tenant places a large deposit with the landlord, pays no monthly rent, and receives the full deposit back at the end of the term. How large that deposit is relative to the sale price is one of the more telling numbers in this market, which is why it is recorded here alongside the deposit itself. 276 jeonse listings across 38 complexes, as listed on 20 October 2026. Of these, 249 have a comparable sale listing. Their jeonse-to-sale ratios range from 29.1% to ...