Leasehold renewal can be around 100K:
http://thestar.com.my/metro/story.asp?file...378&sec=central

"Most residents of Petaling Jaya Old Town whose property lease is expiring in three to 15 years had a shock when they applied for an extension. The premium now costs them between RM80,000 and RM100,000, compared with RM40,000 four years ago."

http://biz.thestar.com.my/news/story.asp?f...24&sec=business

"Property prices of the local residential sub-sector are expected to be flat in the next few months as fears of rising oil prices due to the political unrest in the Middle East may damper investor and buyer confidence."

As posted in another forum:

For those of you who think that property prices can only go up, you are gravely mistaken.

I was just reading up on the UK property market and came across this website:
http://www.marketoracle.co.uk/Article10506.html

I quote:
"
Japan's house prices peaked in 1991 and 18 years later still stand an average 60% below their peak. Whilst I am not saying that Britain's house prices could replicate Japans housing crisis some 18 years from now, however the Japanese experience does illustrate that house prices are NOT a one way bet, even on a long-term basis where house prices could enter a prolonged downturn for a decade especially given the current extreme deflationary environment.
"



I foresee the same situation coming to Malaysia sooner or later especially even when a country as disciplined as Japan failed to avoid it.

http://en.wikipedia.org/wiki/Japanese_asset_price_bubble

I quote:
"
Prices were highest in Tokyo's Ginza district in 1989, with choice properties fetching over 100 million yen (approximately $1 million US dollars) per square meter ($93,000 per square foot). Prices were only marginally less in other large business districts of Tokyo. By 2004, prime "A" property in Tokyo's financial districts had slumped to less than 1 percent of its peak, and Tokyo's residential homes were less than a tenth of their peak, but still managed to be listed as the most expensive in the world until being surpassed in the late 2000s by Moscow and other cities. Tens of trillions of dollars worth were wiped out with the combined collapse of the Tokyo stock and real estate markets. Only in 2007 had property prices begun to rise; however, they began to fall in late 2008 due to the financial crisis.
"

Good analysis!