It's like Singapore... They have triple language systems...
IMO, in HK, if they can afford spending more on entertainment/education, let the general public get used to that, it could be fulfilled... Just like, I've learnt a lot through ETV when I'm stilll young...
Uncle Tung's 85000 project was later cancelled, so there was never a supply of that many units on the markets.
Hong Kong's real estate market was already a bubble before 1997 under the British government. The Asian financial crisis caused the whole of Asia's economic bubble to deflate.