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Hong Kong's experience of real estate investment trusts has been short and bitter-sweet so far.
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While the controversial Link Reit's shares continue to climb, the Securities and Futures Commission has told investors to be wary of property companies queueing up to jump on the bandwagon.
What has prompted such a warning? Why are so many companies keen to launch a reit? Where do the risks lie?
Don't miss The Reit Report, a three-part series starting tomorrow in the Business section.
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