Meaning of "Rent-to-price ratio"
This is an indicator that quantifies the proportion of the jeonse deposit relative to the sales price, showing the extent to which the jeonse deposit accounts for the total sales price.
"Before signing the contract, I checked the jeonse-to-price ratio and found that the jeonse deposit was quite a significant burden compared to the purchase price."
Related slang words
Pre-saleThis is a supply method in which pre-sales or sales are conducted through model homes and other means before the actual construction of the apartment complex begins, in order to secure initial demand and capital inflows.Gongpung-ahThis is an abbreviation created to convey the idea that the apartment complex “embraces” the park, emphasizing its location right next to a large park.Post-construction salesThis is a sales method in which units are offered for sale only after construction has reached a certain stage, allowing buyers to assess the actual condition of the building before applying.RawAn abbreviation for "residential accommodation facilities," this term refers to lodging facilities that allow cooking but are effectively used exclusively for residential purposes, a practice that has sparked social controversy.AparthotelA term combining "apartment" and "officetel," referring to a residential officetel that features a floor plan and living conveniences similar to those of an apartment.Unprioritized subscriptionThis is a housing lottery system in which units that remain unsold due to ineligibility or contract cancellations are allocated through a random drawing.Re-conversionThis is a system that requires the government to recover any excess profits generated by redevelopment projects that exceed a certain threshold (short for the "Redevelopment Excess Profit Recovery System").Points-based systemThis is a system (or set of criteria) that awards points (bonus points) to applicants who meet certain requirements, such as remaining without home ownership for a specified period.