My brother bought his d/s hse in DJ in 1986 for 196k. Today it is worth about 700k to 750k. Annual appreciation is abt 6%.

In prime areas, much as we want prices to drop, I think it is only wishful thinking. Prices increased so much, due to inflation. Much as we lament abt very low income, there are alot of ppl who are paid very well. I recently interviewd few candidates for managers post, and mind you, people are are below 35 can be earning an annual package of 200k to 300k. Malaysian high savings rate, meam alot of aunty and uncle have stashed alot of $$$, and due to inflation, and rising prices, people are grabbing hses.

A superlink in wah, so far away from Klang valley, also recently launched for 600k to 700k. How can u expect prices for SS2 or Damansara Jaya to come down? Impossible!!!

Land is scarce. People taste have changed. People who have money, are not just looking for a roof over their head. They want good neigbourhood, good address, etc. Therefore, prime areas like Mutiara Damansara or Bandar utama, and the likes, will hold their prices well.

Landed properties, due to low rental yields, are less of a target for speculators. People buy for own stay, or keep for children. So, if supply is under control, prices cannot have freefall. In 2009, my niece wanted to buy a hse, but want to wait for cheap sale. Good thing she got smart and bought sthg.

In 1997, prices dropped badly, because of high interest rates. Today, at BLR- 2% (some even BLR-2.4%) and long tenures (in the 80s, tenure is only 10 years to 15 max) of up to 45 years, property bubble will not burst. A RM1 million loan, only need RM4,200 to service. Back in 2000, the same loan due to a lower tenur, will need more than 10k a month to service loan instalments.

If need a house, dont wait!!!