Xmas and NYE are always fun in HK.
Check out Mongkok, Fa Yuen Street, Tsim Sha Tsui, Shatin there are some fun events outdoors.
Lotsa walking festivals (booths) selling cheap stuff, but mostly just being on the streets are fun enough.
The lights & crowd will be packed everywhere.
Go hang out with foreigners from different countries at Lang Kwai Fong's variety bars/pubs.
Have fun.
Bring a jacket its cool windy weather now... Even thought its 20+ degrees.
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