speculators say why is the rule of thumb 5 times income?
we are preaching 8 to 10 times income now. Why? we are not competing among ourselves only, there are a lot of foreigners with better purchasing power buying up all of our properties.
RM5k income is now buying RM400k ~ RM500k properties.
RM10k income going for RM800k ~ RM1million already.

dont buy now means forever homeless.

@debtismoney - while historically the facts shows a down trend, one must also understand the fundamentals that causes it... while there're similarity there're also differences... anyway thanks for the heeds.

@kidmad - cool...   believed everyone has own opinions... owning or renting...choices is in the hand of beholder...

A house near to mine has been on sale for a few years already. The asking price keeps on increasing (I think they are asking about 10% above selling prices here) and it remains unsold. It will be difficult for them to sell it if prices start to drop.

No problem.

Tokyo

New York

So stock and property which one do you think is safer investment?

That is the trend now in KL/PJ when land is getting increasingly scarce for development...

Regretted didn't buy the Empire Subang SOHO when it was selling at RM250k back then.... 

even rawang my fren bought at 200+ few years back but now the value is 400+
will it goes back to 200+? burst or not burst u can think

after 3 years, u will say the same thing again.

this you have to wait until the time everyone lost their jobs, you will only start to scare.

The west is borrowing more to consume, the east is selling their products to the west and has got trade surplus for decades.

Now the east has been lending this surplus money to the west to consume more. It is unsustainable in long run.

This rebalancing will take time, we Asian cannot consume all products we produce overnight. If the west slows down now, so does us.

i think highly it is becoz after 2008 global financial crisis, we have too much of "liquidity" in the market... where all the money goes?????

Of course a high household debt affects everyone. When it's high, bank will find a way to reduce lending. The point is, our home prices is increased mainly becoz of cheap loans, not because of our GDP per capita or our disposable income. And keep in mind that around 60% of household debt is property loan. If you take a look on our household debt vs disposable income, u can see it's a worrying trend. When banks are starting to restrict lending, doesn't matter where u live, the demand on housing will definitely lower than usual because of the restrictions. Of course the effect would not be equal in KV and rural.

you can rent a house/room but not car for long term...

Are property prices going to up further?

based on my 10 years experience - Yes
based on my brother's 20 years experience - Yes
based on my farther's 30-40 years experince - Yes and he wished he had bought more lands.. but he's no fortune teller..

I suppose the current property price bubble will burst but don't know when and property price will come down during that turmoil.. but 10 years after that.. my youngest brother will reply the same as me...

this may only reflect to strategic location.. but I'm no fortune teller.. today maybe waste land.. 10~20 years after become gold mine.. and vice versa.. 
please don't shoot me.. i just want to share my experince.. 

This question sounds from politician.

no need to ask for the fresh grad. I am just interested to know your first year working income  vs your current income will do. LOL

or you can compare with other countries fresh grd. How much salary 10 years ago vs current one.

I trust that the answer will be the same. and the fact also the same, globally.

you made a good decision at that time to purchase a property (new of subsale). LOL...otherwise, you will not get a 280k worth property now. (please calculate how much in total you pay for the house include interests, just curious to know).

Property price increases for sure, salary increases also for sure, just the growth rate different. Different people will get different offer for his/her pay, also depend on different field. Just ask how much money if he/she can help the company make? More revenue - more profit - more income - more bonuses.

come back to property and other living costs. INFLATION - I emphasize again that make the issue.

10 years ago, you bought your house maybe in the outskirt for 150k. Now also got choices of property below 200k in KL city, but just high-rise and old building. LOL.

People are saying fresh grad salary didnt increase for last ten years. What happened surrouding me it is true that freshie still get same pay start like 10 years ago, but once they get two or three years experience. They are getting at least double, or triple their initial pay.

Well this tied to few factors.
1) whether you willing to take up new challenges
2) whether you are willing to move on
3) whether you are willing accept new changes
4) your flexibility to new environment.