has anyone has any opinion on the crash level base on the type of property IF property price does drop.
for example:
how severe for landed property price drop compare to high rise
how severe for large size high rise compare to small size high rise

I think it will be good if we have hard data to look at...  Does anyone know where we can get hard data on housing price index for the past 20 years?  We will be able to see the peaks and troughs...  At least, it will provide indicative percentage... I remember reading a report that there has been no "trough" for the past 10 years...

Waaa... What a prediction!!!  I don't think it will drop so dramatically...

600k drop to 420k is not dramatic? 

What do you expect?
Drop to 300K? 250k, 200k?

1997 could be the biggest crisis in our life time if look back.
And economy situation now is far better off the 1997 condition.

Something once go up may not go back to origin state anymore, although it may drop due to correction, over-shooting previously.
eg.
Do you expect to pump petrol at Rm1.10 per litre again like old day?
Factory operators get Rm500-600 per month?
A bowl of mee cost you Rm2 like 90's time?

The realistic expectation to see properties price drop more than 30%, while inflation threat looming around, is not a realistic expectation.
Unless we are heading to deflation, may be yes, but we are facing inflation problem now, instead of deflation.

---

Added on June 28, 2011, 3:19 pm

It was not a economy slowdown, but economy crisis!
We were talking of potential banks went under at that time.

Do you know PBB share price was only Rm0.88?
CIMB was Rm1.80?

It was severe, not economy slowdown.

Less target for speculators?

take a look at SS24 aka Tmn Megah. Back in 2008, that 30+ year old house cost only RM 4XXk and now it has jumped 100%. One of my neighbour wanted to sell her house for RM720k and her agent managed to sell for RM840k

did i sense sarcasm?

I'm currently renting there for 2 years plus already.

when i rented there from 2008, it was 400k+ and being a fool i said to ppl who wanna buy a 30+ year old house for 400+K? and now look at the price LOL

and no, that unit is not a corner lot

It is rumor.
http://en.wikipedia.org/wiki/Rumor

Cherroy may be correct as what I heard they are advice not "too aggressive"... to be specified reduce loan repayment period...

Don't ask for memo/letters/etc...

other than diehards upupup, such is statement is reasonable and logical. "soften" does not mean burst or 30% price decline.
not only earnings growth factored in the dev stock prices, their new selling prices also factored in future inflation.
2 yrs is a long time for bolehsai which is not such a big economy, unlike usa or china that go on for much longer.
new launch price incr will slow down, subsale asking prices will come down.
bought for own stay, no worries; bought low-reasonable price in fair-good areas, no problem.
bought at premium price looking for high subsale price or high rental, may start to get difficult.

IMO...no matter hard/soft landing.....more important things you needed to do now is to spare your money on hand as much as possible.

The more $$$ on hand, you will have more chance for next departure.

There is one property in a popular gated & guarded development in USJ, a corner unit which the owner was asking for RM1.5million recently. He even wanted to put only RM900k in the S&P. Owner appeared to be very lansi and had an attitude of take it or leave it. Now a few weeks later I tot the unit must have sold already ... Imagine my surprise on learning that the price is down to RM1.1m. Owner must be in a hurry to sell now while he still can coz of the drastic reduction in price.

Dunno if this is the prelude for price drops ....