I agree that properties will never depreciate.
But never in history (Malaysia's at least) had properties' prices increase in such magnitude(30%-70%) in a span of 2-3 years, while salary is stagnating.
Some may argue that with household income of 10k-20k, properties are still affordable. But let's be real. Are they the majority??

I have always believed that fundamentals will always have a final say.

And from another point of view, if this speculation, or appreciation(as most of you of prefer to believe) of properties prices is to continue, do you think the majority who could not afford a house will just sit back and just reflect at their misfortune??

Do you guys think the government have learned nothing from Tunisia and Egypt?? People's hardship = government's downfall. And bear in mind that majority of our people still think 'crutches' is a privilege of theirs. Bet your life that government will intervene.

So start looking at things in macro.

Just my 2 sen.

Then it is time to pick them up no? Just like stock market, end of the day, the rich will be richer, the middle will be pushed to lower class. This is how capatalism works.

My aunt stays in the USA. Shes thinking to get one for investment. Bloody cheap off 50-70% depending on area. And I briefly remembered an ad last week you can invest and buy a condo facing the lake in Florida for only 100k+ usd. Something like mirage in the lake.