Wet goods stalls auction revenue drops 31.39%

The average bid price for the wet goods stalls was $20,316.

The auction of wet goods stalls fetched a total of $3.56m, compared with $5.18m last year, a 31.39% drop from last year.

A total of 175 wet goods stalls and four fast food stalls were successfully let in an auction for stalls at the 2025 Victoria Park Lunar New Year Fair on 22 October, with the highest bid price for wet goods stalls being $75,000.

The average bid price for the wet goods stalls was $20,316, with the successful bids ranging from $6,530 to $75,000. The highest bid was about 11.5 times the opening price of $6,530.

The successful bids of the four fast food stalls ranged from $120,470 to $182,000 with an average of $150,735 against an opening price of $120,470.

The auction for the 216 dry goods stalls, including 166 regular-size dry goods stalls and 50 large-size dry goods stalls, will be held at 9 a.m. on 23 to 24 October at the same venue.

Nearly 470 people attended the auction at the Assembly Hall, 2/F, Lai Chi Kok Government Offices, 19 Lai Wan Road, Lai Chi Kok, Kowloon, from 9 a.m. to 7 p.m., a spokesperson for the Food and Environmental Hygiene Department said.