up:
many are sceptic of this. me too. but if one thinks carefully, chances of this happening is great too. developers are definitely giving a huge pushing hands in this. government too are constantly promoting this including the media. it doesn't hurt that the majority of people here (excluding foreigners) have yet to own a prop of their own. with PRIMA's introduction, props <rm300k would most probably be extinct by now.
for me, the biggest push to realise this is through foreign investment. if ETP succeeds, we could be set for another historic bull run which makes the 2006-2011 bull run looks bearish. i have said this many times and i will say it again. listen carefully. malaysia properties are dirt cheap. yes. dirt cheap to our neighbours. and our properties are not 3rd world standards. they are first class properties. on par with singaporean's condo that cost in excess of SGD3000psf.
do not underestimate the purchasing power of a lot of our malaysians working abroad too. if foreign investors coupled with chinamen do decide to go big in our country, they wouldn't leave any properties left for launches anymore.

so up, down or flat. it all depends on which you think is gonna happen the most.
as a true blue patriotic, i am sincerely wishing for a up. that will also signafy Malaysia is coming of age and start to become one of south east asia's leading country again. i do not wish to see us be exported to become maids in sillypore.