With a spectacular footwork's display that lasts 26 minutes to a parade through the city with the most bizarre assortment of floats. Estonian roller skaters, people in Australian grasshopper outfits and of course 1 or two Chinese dragons. If you do not like crowds you should definitely look for somewhere else, this photo is taken at the fireworks display:
But I think the view is worth the crowd:
No Chinese New Year is complete without an Estonian rollerskating team:
Accommodation is around $200 HKD ($22) staying in a "hotel" that is inside a residential apartment building that has been converted into as maze of hotels shops and some residences. The infamous Chungking mansions (see the Wikipedia article Here) is worthwhile staying here for a day just to explore the bizzare maze and continuous offers of "copy Rolex, copy handbag, hashish, marijuana, cocaine"
Food is cheap if you look for it for a meat dish with rice expect to pay $30, however there are a multitude of more expensive and sometimes (sometimes not) nicer options.