PV Tiền Phong went undercover as a prospective homebuyer to investigate the real estate market in the The InterOne project area, located in Tân Tiến and Bắc Giang wards (former Bắc Giang province). The project is currently under construction. A real estate agent enthusiastically promoted the project, explaining that to purchase an apartment, buyers must buy from previous owners. However, this comes at an additional cost. For a 40m² apartment (base price around 2.8 billion VND), buyers must pay an extra 150–200 million VND in premiums.
The agent revealed that these premiums increase daily. Some apartments in The InterOne project have premiums of 300–400 million VND above the base price, averaging 78–80 million VND/m². A 70m² apartment with two bedrooms costs over 5 billion VND.
Real estate agents inflate prices to 80 million VND/m² for The InterOne apartments. Photo: Nguyễn Thắng
According to the agent, buying directly from the developer is nearly impossible. Developers sell exclusively to qualified distribution partners, forcing buyers to purchase from F1, F2, or even F3 resellers. “Even we, as real estate agents, cannot buy from F0,” the agent admitted.
The agent also noted that the project is not yet eligible for sale. Transactions between individuals involve only deposit receipts. Prospective buyers must place a deposit of around 100 million VND to secure a spot, plus the premium, to receive a payment confirmation.
Currently, prices are slightly lower than before, as agents previously inflated prices to maximize premiums. Previously, some apartments had premiums of 300 million VND but remained unsold. Now, sellers are reducing premiums to 100–200 million VND to close deals. Premium apartments, such as those overlooking the pedestrian street, command the highest prices.
The InterOne project is under construction, yet agents are already selling units. Photo: Nguyễn Thắng
Another agent confirmed that The InterOne project has sold out after two launch phases, leaving only resale options. Premiums range from 300–400 million VND per unit, resulting in prices of 70–80 million VND/m². One agent recently secured an apartment for a client at 80 million VND/m².
For serious buyers, a 10% deposit plus the premium is required. Premiums range from 300–400 million VND per unit. Transactions can be conducted via handwritten agreements or notarized witness documents.
Agents suggest that projects like The InterOne, typically sold through real estate agencies or brokers, still offer investment potential at 70–80 million VND/m². Apartment prices rise at various stages—groundbreaking, foundation completion, topping out, and handover—providing opportunities for short-term trading. Nearby projects have seen premiums reach over 1 billion VND.
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