Auction for Victoria Park Chinese New Year Fair stalls concludes

The open auction for stalls at the 2027 Victoria Park Chinese New Year (CNY) Fair concluded today (October 9). The total revenue was $8,651,552. A spokesman for the Food and Environmental Hygiene Department said that a total of 400 stalls at the Fair, including 170 for regular size dry goods, 46 for large size dry goods, 180 for wet goods and four for fast food, were let out during the three-day open auction. To summarise the results of the auction held during the past two days (October 8 and 9), the successful bids for the regular size dry goods stalls ranged from $8,540 to $64,000, which averaged out to $21,017. The highest bid of $64,000 was about 7.5 times the opening price of $8,540. The auction of regular dry goods stalls fetched a total of $3,572,920. For the large size dry goods stalls, the successful bids ranged from $22,000 to $50,000, which averaged out to $29,870. The highest bid of $50,000 was about 3.9 times the opening price of $12,810. The auction of large size dry goods stalls fetched a total of $1,374,000. The three auction days for the Victoria Park CNY Fair stalls attracted about 1 320 participants in total. The auction for stalls of the Tat Tung Road Garden CNY

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