The current economic climate has produced incredible investment opportunities. The trip to Hong Kong led me to conclude two things: 1) Residential housing prices are due for a major correction 2) The demand for prime district commercial properties will continue to be strong with Hong Kong serving as the financial hub for Asia to access China. Legal systems and financial hubs are not built overnight – as China came to learn last year. Such systems take decades of mistakes and experiences to build up, painful lessons which Hong Kong endured in 1997. Interestingly enough, the dramatic increase in price has not led to a typical supply side response, as what was seen in 1996. Although the government has set long term increased in housing supply that is 1.6x the average completion of the last ten years, two points must be taken: 1) Supply the last ten years has been ......