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Slower but sure growth ahead for HK’s retail property – Retail in Asia

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Slower but sure growth ahead for HK’s retail property

Growth in Hong Kong’s retail property rents and prices will slow next year, according to landlords and analysts, but the sector will outperform other property types.

"Global economic uncertainties are likely to continue to affect markets in China and Hong Kong in 2013. The slowdown in growth of local retail sales has been more apparent in the high-end and discretionary sectors in 2012," said George Hongchoy, the CEO of The Link Management.

The Link is the trust manager of the Link Reit, which owns 182 retail and car park properties, mostly in public housing estates.

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