Dude, check this out.
http://www.iproperty.com.my/propertylistin...ominium_ForSaleAll below market price(some of them are even lower than launch price)
"Urgent! Urgent sale.
Foreign owner wants to sell out urgently.
Please call to get more detail of urgent price."Hopefully, this desperate seller is not one of us. Curious about what urgent price the seller got to offer?
The average household debt to income ratio can only reach to a certain level, when household can't take on more/lager mortgages to sustain the current house prices, the music stops.
Just dig out the past decade household debt/GDP or income data, you will see the ratio went up correlated to the house price frenzy. If I'm not mistaken (I read an article the other day), our household debt level in boleh land has reached the level as in the US before their housing burst.
No doubt, we had a decade long property bull run, but the train has left the station, if you go chasing the train now, you will get slaughtered once the train turns direction.
As I've said, at some point, the investors will have to service their mortgage if they can't find the next buyer, where are they going to get the income/cash flow in the economy, as the pool of money is only this BIG.
Look at the debt crisis in the US/Eurozone, it won't go away until we have a global reset/recession, make sure you can fill your gas tank and put food on the table before you buy another investment property.
Just my 2 cents

go buy some GOLD before the world currency collapses.
Thank you for sharing....
look at the asking price psf from 800 (01-11) drop to 550 (05-11).