I don't want to comment about this or any other IPO coz i'm practically naive about stock market.

Just want to give my 2-cent opinion on property. Property burst? Friends, ive been hearding people talked about that since 15 years ago ("don't want to buy that house lah..so expensive, nanti property burst, price sure come down one" and after 2 or 3 years, "aiiyyaaa, should have bought that house lah, price sudah almost double oo...")

Most of the reputable developers have developments within the Klang Valley and tell me which of their developments (especially the landed ones) in Klang Valley-proper experience drop in price (compared to the original developer's price) - just name one, enough.
We need land to develop properties and land is a finite resource and that resource is shrinking fast day by day. Housing is one of the 3 basic human need/demand and add in the speculative demand factor (esp. in Klang Valley).