The Food and Environmental Hygiene Department earlier this week conducted a three-day auction offering 395 stalls at the fair in Victoria Park, which would be held between January 23 and 29 next year.
The highest price for a 20 square metre (215 sq ft) fast food stall recorded a year-on-year 17 per cent drop from HK$220,000 (US$28,300) to HK$182,000, while 20 square metre (215 sq ft) wet goods stalls typically selling flowers saw an 11 per cent decrease from HK$84,000 to HK$75,000.
The highest price for regular dry goods stalls measuring 4.5 square metres stood at HK$36,000, marking a 9 per cent increase from last year.
Authorities also introduced larger, 9 square metres dry goods stalls in response to the market, with the most expensive stall rent costing HK$41,000.
Four of 50 such stalls, as well as eight of the 166 regular dry goods stalls, failed to attract bids.