Prices of Tet ornamental plants for rent in Vinh City are skyrocketing

Stroll around the major streets in the areaVinh CityAt present, it is not difficult to see that most of the street front locations have been rented by small traders to sell flowers and ornamental plants for Tet. The number of vacant locations is getting fewer and fewer, and the competition for a flower selling spot is getting fiercer as Tet approaches.

Vacant lots on Lenin Avenue have been rented out by traders to sell flowers and ornamental plants for Tet. Photo: Nguyen Chau

Mr. Phong, Nghi Phu commune, Vinh city said: Right from the beginning of December, I went looking for placesvacant landto discuss the issue of renting a flower and ornamental plant business for Tet. My advantage is that my house is close to Le Nin Avenue - the main flower street of the city, so I was lucky to find a suitable location with a reasonable price of 1 million VND/m2. If I had just started looking at this time, there would be no more locations, and if there were, they would be far from the central area or the price would be sky-high, from 3-4 million VND/m2.².

Not as lucky as Mr. Phong, Mr. Nguyen Van Hai, from Hai Phong, also came to Vinh City to sell peach and kumquat trees for Tet. Because he lived far away, had to transport a large quantity of goods, and had no acquaintances, he had to accept renting a location far from the city center.city, near Nghe An General Friendship Hospital.

Mr. Hai sighed: “I came to rent too late, all the good locations were gone, I had to rent far away but the price was also very high, up to 1.5 million VND/m2, which means I lost over 20 million VND in rent. Now I just hope that business will be good and there will be many customers to be able to make up for the land rent I spent...”.

Small traders in Vinh City are currently renting land to sell Tet ornamental plants at high prices. Photo: Nguyen Chau

According to the reporter's records, there are currently dozens of areas for rent on Le Nin Avenue to sell flowers and ornamental plants during Tet. The vendors are mainly local people, a few from flower and ornamental plant villages in other provinces. Currently, the flower selling locations on this route have basically been rented out. The landowners can be households, businesses, organizations...

According to survey, current pricerent spaceThe price of flowers and ornamental plants for Tet in Vinh City ranges from 1 - 3 million VND/m2, prime locations have higher prices, on average each rental location costs from 10 - 40 million VND.

Land for rent to sell flowers and ornamental plants for Tet. Photo: Nguyen Chau

It is known that vacant land and beautiful roads in Vinh city have been rented since the 10th and 11th lunar months. Some people rent large areas of land and then divide them into small lots to rent out for profit.

Land rental prices for Tet flower business in Vinh City currently range from 1 - 3 million VND/m2. Photo: Nguyen Chau

Through discussion, the representative of Vinh City leader said: "The demand for selling flowers and ornamental plants during Tet is increasing while the land fund is increasingly narrowing, so encroachment on traffic safety corridors for flower and ornamental plant business is very common, especially during Tet, therefore, the city's functional forces will increase patrols and control,handleThis issue will be taken seriously. At the same time, the city will speed up the construction of a flower and ornamental plant market in Nghi An commune so that small traders have a convenient location to sell flowers, limiting the competition to rent business premises during Tet at high prices.