difference in HKG is that instead of going from prop to shares and back as each performs better or worse here in asia investors tend to gear up property and use the cash to invest in Shares. Or gear up on shares to invest in property so if the share market or property stumbles they are forced to sell to keep their head above the water, hence the volitility in this market in comparison to a western country. I can't think of anywhere else that has commercial prop investors refusing tenants and leaving buildings empty because the volatility is such they would rather be in a position to cut and run than have tenants returning income. Crazy