Hmmm..how do you know it is overvalued?

You don't get what I am saying.
There are many people out there earn 7-8k or even up to 10K income, which can afford the 700k loan.
Just because a person getting 5K income, doesn't mean there are no people that can get 10k income, there can be 10k people around that are getting income.

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Added on November 3, 2011, 9:21 am

The VSS is because there will be overlapping of personnel after merger.
Ain't you see sometimes besides the road, there are EON and HLB just side by side?

Please get real, Malaysia now are facing shortage both unskilled and skilled workers across.
Simply drive through the industrial park, hiring banner is everywhere.

Simply pluck a headline to conclude? Nice try.

  Actually 4.30 for mee and nescafe very cheap ma. I am guessing u r not in KV, maybe butterworth. Dam just paid Rm5 for bowl of pork mee at tmn Equine n 1.50 for teh ice.

Price stagnant means depreciate in price when inflation kicks in. So if price stagnant for over 5 years, you can consider yourself a 30% discount. I always take the gomen figure of CPI x2 to be the real inflation figure.

Prop price in China already sky rocket high, but subsale market is so strong, stagnant at most, because China real CPI is double digit. Those you see price falls are newly launch leftover units developer wanna cash out. China practice build then sell mehtod, different from here.

If there is a correction, it is good for long term, even if it isn't, price stagnant is not bad, consider a discount in later date.

predict if there is a crash (political correct term = price correction) it will start at Desa Park City, followed by all those >1000sf but more than half million condos at ulu places.

Your link is to 陈广才 case la. Anyway, unlucky Chan, he is just horse f$#$k by UMNO.

double dip is very unlikely to happen. if u hv access to da economic data on current US export activity, u will c tat its activity has been picking up since few months back. most of the news tat we read on da mainstream media is exaggerated to create 'headlines' n hence it's no surprise a lot would think double dip will occur. whether or not the economy is good, our propery price is very unlikely to fall. perhaps price correction will happen but dont expect major fall though.

This word doesn't suit to property especially prime location properties.

Last time, a terrace house only 30k, go up to 50k, thene 100k, then 200k, then 350k, then 500k, now 700k.
Wait 30 years also not going down. 

I don't know why people keep on using fresh graduate wages as comparison.
A fresh graduate 10 years ago earned 2k, but he/she can improves and climb up the ladder, more skilled, experience, now can earn 5k, or 10k or even more.
So the person now can afford to buy a 500k properties already, so you have more 1 buyer coming out.
Prime location properties still remain the same supply, while you potentially have more demand due to more people can earn 10k, as well as rich become richer.
So that's why landed properties at prime location that has limited land space supply, always creep to the upside.
Only ocassionally economy recession, or previously properties market surge too much that can result in properties price plunge.

Fresh graduate wages just starting point only.

Last time, only top students manage to squeeze into Universities and get a degree, nowadays, as long as not poor enough and enough money, almost can get a degree already.
So for sure, supply become more, but quality wise is different story.

My sister daughter rented one unit here paying  2.3 K ( but partial furnished la)

I don't think my sister daughter and her b/f ( both graduated 2 years ago from upm) able to buy this condo without working & saving so extra  hard.

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don't you think they are supporting the high price of property?

why must they rent the place? why not rent a cheaper place and save more?

I feel its better to teach our children to live within their means/affordability. We have to set a good example. To take an uncalculated risk and then to lose all your saving on an unaffordable property is much worse than not having your own house.