Bubble will burst for those who buy to sell later on as many are holding on to houses in the hope of max profits..better sell now. Later on bank will not approve loans unless you really can repay or have a term loan..like in 1998-2004.

For those who really have money, the super rich homes will continue to sell as many would want the security and prestige of living in an exclusive enclave away from the low-class developments that have shophouses and low-cost flats in the same area..

If ready to buy first home, better to wait as developers will slash prices when bubble burst, keep money to pay a higher down payment so that u will not be killed by high interest when bubble bursts..now interest low but in 2003, interest was nearly 8-10% and Islamic loan 12-15%! In a burst bubble economy, banks have to recoup losses and repay term loans, hence higher interest.

In noob terms, invest your money now in savings..dun go and play the property market, cos your stable job may be non-existence when economy collapses, so if you buy an expensive home now, will end up on the streets when jobless or if salary does not grow.