‘Hong Bao’ in Chinese means red packet and as most people know, the color red in Chinese context means a sign of good luck. That is why many people living in Singapore celebrate the New Year in River Hong Bao, to usher in good luck while welcoming the arrival of yet another year. Many visitors can see the glorious lanterns generally depicting beautiful pictures, especially of Chinese characters and zodiac signs. To add more color to the festival there will be many river shops open, but even if you don’t do any shopping the atmosphere and the fireworks will keep anyone drenched in the fun! If you are looking for the best Singapore hotel rates, an ideal choice would be Studio M Hotel Singapore. Being a star class Hotel in Singapore, it will surely exceed all your holiday expectations.