The Hong Kong Observation Wheel, which has been closed to the public since August 30, 2017, is expected to reopen before the end of the year, according to its new operator, The Entertainment Corporation Ltd (TECL). Price of tickets will be reduced to HK$20, a fifth of the original cost at HK$100. There are discounts for seniors and free rides for children under 3.
The 60-metre diameter wheel at Central Harbourfront was opened in December 2014 and have since became a welcome addition to the iconic Hong Kong Skyline until its closure in August due to a dispute between TECL and previous operator, Swiss AEX Holding Limited, over terms of handover of the wheel. On September 6, the two companies struck a deal, saving the structure.
TECL has also partnered with AIA Insurance Group in developing the adjacent AIA Vitality Park which will host a number of wellness and health related events from 2018. The company has yet to announce the re-opening date of the Hong Kong Observation Wheel and adjoining park.