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Business Briefings
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Hong Kong
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Impacts Of Lingering Uncertainty
Hong Kong’s economy has seen growth attenuate in recent months due to mounting sovereign debt struggles in the EU and the lagging recovery in the US. Such external environmental factors have had a significant impact on demand for commercial space and caused rents in the office sector to fall for the first time in two years in late 2011. With signs of distress in the recovery of the global economy and softened demand expected to persist, office rents will further decline in 2012. The retail market will remain the most unscathed in 2012 as both strong demand and rental growth carryover from 2011.
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