I understand your points....but do you know how many percentage of malaysian do not own any property at all?

like what everyone say, richer people will only become more richer...

if bull run in property market till 2020, the gap between rich and poor may become widen...do you think that after you retired, can you live in a happy society (robbery all around and other social problem etc.)

i think most they will impose it on foreigner, if such policy implemented, how r developers going to survive?

it was the last 2008 crisis that pushed our property market up... i still remember end 2008, most people claimed cash is king, dun invest dun simply spend...quietly many went into the Property market..

I am not saying the price of Property will go up futher..just share what i heard/experience in 2008

that was on 2008 property price 
yeah right .. when KLCI drop till 1000 ... i see you want to dump money in stock or property 

i am not interested in residential prop, enuf oredi..troublesome to manage.
any chance shop price fall back to 2 years ago?  about half the price?
to me, even drop 20-30% consider a big bargain. consider as bonus to me if drop more..

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Added on October 1, 2011, 11:01 amvery difficult to buy shop directly from developer.. all sapu by insider/fren. 
but now seems easier. developer are launching to the public..eg M city etc. but still expensive. hope subsales can drop a bit.

Formula to become millionare...

$$ borrow from bank + Prop capital apppreciation = Millionare/Multimillionare on paper

Singapore is a financial hub, it has capital inflow from other countries.

Services industry - engineering, healthcare, insurance, banking, finance, advertising, entertainment etc. It all ties to physical stuff consumption. It's not about the particular country is services based economy or natural resources exporter.

Dude, without physical stuff (natural resources - coal, fresh water, cotton, oil, timber, rice, iron ore, copper etc) how to grow perpetually? Without infinite supply of energy, cement and steel how to build luxury apartments/hotels/casinos in Singapore forever non stop?

I'm not arguing with you, just want to let people know, when we reach the peak supply of physical stuff, we will all be in big trouble...

developer may just focus on developing further lands away from the city for affordability..

if prices drop..im sure someone is there to snap it up.. =)

If the interest rate goes high, there will be a few who won't afford to pay the monthly installment. They were paying $500 a month. Now they have to pay $1,000 a month because interest rates are 12 percent. What happens? They can't make the payment. What do they do? They sell the house, or they try to hang in there for a while until the house gets repossessed, and the bank sells it. Either way, the house is getting sold. The house then goes on the market, adding to the supply glut of homes for sale. It's not just this one family that's affected, because interest rates affect everyone. Suddenly, a large group of homeowners can't make the payments all at once.

"US, Europe is different, govt are not allowed to intervene."............you sure or not?  Have you heard of bailout before?  If you don't call that market intervention, what is???

well i m not a speculator, but loading up now to buy cheap prop in coming months. can not get one in 1997 but hope to get some good prop in 2012.. especially shops and factory lots.

i'm speculator, 
but i have disposed most of the units, and see what will happen in 2012/13 

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Added on October 17, 2011, 1:26 pmi still believe it won't drop much, because the statement highlighted below proven since many many years ago:-
“Because it is a market that has no shorting mechanism, it has a tendency to rise rather than fall, unless the fundamentals pulling it down are strong,”

well, don't expect there's a cheap stuff as 1997, i think many people miss understand that there's a forecast heavy drop price at 2012/13, if that's the case; is a financial crisis then!
i'm not expert, but i would say the definition of drop means only a price correction, just give simple example:-
bought a under construction unit with 500k and VP on 2012/13, target to sell at 750-800k and advertise it, due to too many VP in same time and current demand, seller start lower down the price to 680-700k, and finally deal with 600-630k.
another example; a completed project with original launched since 2009 with 500k, current dealed and market price at 750-800k this year, due to the weak market and demand on 2012/13, seller only manage to deal at 720-770k.
i would say the price still remain high, just the escalation curve become flat or stagnant, whoever thinking to buy from developer and for own stay, don't expect any new launch with below market price.
otherwise i'll not keep some rented units if there's a heavy drop next year.

Exactly bro. The fact has spoken. Currently the household debt is around RM500 billion!

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Added on October 17, 2011, 10:25 pmThe only reason property prices went up drastically is because of this easy, cheap loans!
In reality we are heading towards doomsday..

lol..he will show you household debt 2,000.0 billions in 2031.

What if a number of 'someone's did not think of taking care? You know, plain reckless, or maybe blinded by greed?

The official figure of 47 bankrupts a day is rather scary
We have people who are not very good at taking care of themselves.
And a lot of them, it would seem.

Yes, these are credit cards and car loans.
We will know the figures for house loans defaulters come 2012 when a lot of props are VP and the payment starts.

Seriously, I myself hope I am wrong and you are right.
But numbers shouldn't be ignored just because they don't fit our theory.

Ok, enough of me repeating the household debt. Now let's look into disposable income. Now read this:

"Looking at the problem from the ratio of household debt to disposable income, this ratio is 140.4  per cent for Malaysia, one of the highest in the world; above that of Singapore at 105.3  per cent, USA at 123.3  per cent and Thailand at 52.7 per cent in 2009. This means that the loans taken by each household in Malaysia is on average 1.4 times more than its household income. 

Since both the household debt service ratio and the household debt to disposable income are average figures, in reality it will be those in the lower income group who are at greater risk of not being able to pay off the monthly instalments.

Spending using borrowed funds can boost economic growth but it can also slow the economy when households are forced to restrain spending in order to service their loans. Thus there are unfavourable policy implications and economic impact when household debt keeps rising."

Conclusion:

- Malaysian household debt to disposable income, ratio is 140%
- Loans taken by each household in Malaysia is on average 1.4 times more than it's household income.

Just imagine your salary is RM1000 per month but you hv to pay monthly instalment loans of RM1400. The debt will keep on pumping. That's the reality that is happening to us all. It's a fact. Now please give me some facts that can deny my theory..

Ok, enough of me repeating the household debt. Now let's look into disposable income. Now read this:

"Looking at the problem from the ratio of household debt to disposable income, this ratio is 140.4  per cent for Malaysia, one of the highest in the world; above that of Singapore at 105.3  per cent, USA at 123.3  per cent and Thailand at 52.7 per cent in 2009. This means that the loans taken by each household in Malaysia is on average 1.4 times more than its household income. 

Since both the household debt service ratio and the household debt to disposable income are average figures, in reality it will be those in the lower income group who are at greater risk of not being able to pay off the monthly instalments.

Spending using borrowed funds can boost economic growth but it can also slow the economy when households are forced to restrain spending in order to service their loans. Thus there are unfavourable policy implications and economic impact when household debt keeps rising."

Conclusion:

- Malaysian household debt to disposable income, ratio is 140%
- Loans taken by each household in Malaysia is on average 1.4 times more than it's household income.

Just imagine your salary is RM1000 per month but you hv to pay monthly instalment loans of RM1400. The debt will keep on pumping. That's the reality that is happening to us all. It's a fact. Now please give me some facts that can deny my theory..

that is more true than not, imo.
low productivity and incr debt is what is plaquing many nations.
bolehsia's national debt at 51% gdp now, the law will need amendment when it hits 55%:
http://www.themalaysianinsider.com/malaysi...ng-warns-anwar/
one can argue 70% is still fine since usa is at 100% and took greece at 180% to see riots on the streets.

thanks for the correction. I was also thinking about something went wrong with my calculation LOL.

Anyway, the point is, our household debt is very2 high and it's in a critical zone now.

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Added on October 18, 2011, 9:11 pm

Exactly, I'm preparing for it. I'm piling up my cash to wait for the big bargain..