New Year stalls snapped up

PUBLISHED : Monday, 02 November, 2009, 12:00am
UPDATED : Monday, 02 November, 2009, 12:00am

Bidding for Lunar New Year stalls north of Hong Kong Island is expected to be fierce today with last week's two-day auction nearly doubling the previous year's take.

With students and businesses set to square off today at a stall auction for Kowloon sites, total revenue for stalls at the Victoria Park Lunar New Year Fair reached HK$11.1 million on Friday, up from HK$6.7 million last year.

A traditional cake seller paid HK$60,000 for a stall, the second-highest price in a decade.

Students also joined the auction, with 15-year-old Salesian English School student Justin Cheng Cham-wang hoping to cash in on Valentine's Day coinciding with the first day of Lunar New Year.

He plans to sell electronic displays people can write on.

QualiEd College is issuing 'stock' to parents to help fund students' stalls, teacher Ryan Yan Pat-to said.

'By paying HK$50, parents received HK$55 back last year.

With additional reporting by Amy Nip