Overhere in SABAH, property developer gone crazy building commercial shoplets even in small town (due to palm oil boom).. Use to be only 30++ shoplet now suddenly wanna to add another 150++ unit. Units being snap up/book before its been advertised (even booking also long queue) Local businessman said business already very competitive and now more shop, not sure how the market gonna absorb the extra capacity.

Most of the speculator are buying for capital gain, not much into rental yield which is the most dangerous part of the game. When the property in USA collapse, some of the property not affected because they provided constant "CASH FLOW" even in most distress market. Some of the property price sink because there is no market for it yet.

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Added on May 26, 2011, 10:43 am
Most likely because interest rate had been kept low over the year, monthly loan still relatively affordable (within reaches of many, RM200,000++ loan only RM1500++ monthly repayment over 30 year period)

Not until inflation/hyperinflation kick in, then interest rate will most likely increase. And not all properties price will be affected as long as economic is booming in some part of the country. Only when there is significant of foreclosure which as a result of home owner/speculator who was unable to service their loan, then there will be a drop in property price (depends of the rate of foreclosure)..

Properties price goes up and surely down, it happen worldwide and it will happen again, and again, and again...

nobody know when..  all are just guessing based on what we've observe for the past few years..