I don't hold many props but a bit scared liao, but the positivity is infectious here.. hope the economy holds..

My colleague withdrawn from stocks liao even though lose a few thousand, worry lose more his marriage capital nothing left..

Wondering if talking about new launch prices or completed props. If 2nd hand props, might still move up a bit in immediate future. AFter all Malaysia has not seen any drastic change in economy & no one who owns a prop will want to give another person a free ride on his mighty fine prop, bought using his hard-earned money unless there is an unavoidably good reason, like everyone is doing the same cutting prices, or his salary is cut. If new launches, prices might still go up or down, but have to drill down to details to b more accurate, developers might launch cheaper props but the prop will be smaller, so in effect u r still buying a more expensive prop psf. But its like the soho trend, people normally only see the total price, if cheap ppl wil stil buy, so developers will start to downgrade sizes. Hi-end props will b more stable, less down-risk but not talking abt condos, very2 expensive condos will b hard to sell oh.. After seeing whats happening in klcc, the rich are even more scared than the middle incomers. As for these mid-incomers, will still look for props to buy, there will still be market so new launches might not scale new heights in pricing but be prepared to be disappointed not to be able to find quality condos sold by developers at cheap pricing, prices will hold. Some ppl will be scared anyway, market will be smaller bit by bit, so developers will think of more 'promotions' or free items bundled with sales to stimulate interest. But i still stick to my opinion, prices psf for aprt/condos at nice locations that everyone wants will not come down. . I didnt touch on landed props cos it will be futile to wish for prices to come down Land is scarce, developers will hold if they think cannot make big bucks. If still want to look for cheap landed, go to rawang/banting/nilai. These scenarios hold true if no change to usa/europe. However if france/germany slides.. then start to look for bargains in the 2nd hand market.

Not me har.. i was talking abt landed props frm developer If 2nd hand market, can bargain2 & got desperate ppl owing to personal circumstances..

Been looking at the financial news for the past 1/2 yr daily. Today a lot of ppl are panicking in europe & consequently usa. Tomorrow malaysians will see their panic levels going up.. No one seems to know if there is a u-turn .. If u've waited 1 2 3 or 4 yrs, another 1/2 yr won't make a difference to see if property really falls.. maybe some will fall but they might not fit yr requirements. I myself is scared of another 2007 knocking at the door. Reading the overseas news now.

The party continues ..

Q3 GDP up by a surprising 5.8%
http://biz.thestar.com.my/news/story.asp?f...45&sec=business