Hong Kong's community malls that people simply can't avoid

Hong Kong

FORGET Gucci and Rolex. Grocery stores, hair salons and tutoring centres may have the brightest future for Hong Kong retail as high-end malls get squeezed by forces beyond their control.

That's according to property consultants including Savills, Jones Lang LaSalle and CBRE Group, which all say that community shopping centres targeting local customers are better suited to weather a downturn that has battered luxury retailers.