have anyone seen any pricing correction lately in the subsale market lately, especially condo ? i have been hunting high and low for a place and no indication have pointed to any correction so far.

that's right man. lotsa people are actually asset rich and cash poor 

I am currently trying to sell my hse in Bangsar but the market seems to be stagnating or leveling off. I think the smart money is there but they are adopting a wait n see stance. PRU and the stock market are among the key variables.

I dont see a property bubble but I do expect a 10-30% correction in hse prices sometime in the 3rd Q depending on the location. This is mainly due to curbs on liquidity. I am not a property expert...just sharing my 0.02 cents worth.

people with 6mil yearly income will not waste time to buy land, keep and manage it but to expand their business to maximise their profits/income.

Precisely, it is indeed too hard to understand property market, it is not 1+1=2 equation. It is not you & me can't afford, he & she can't afford, that's why the price will drop.
I know the fundamental of Malaysia economy is not improving since 2000, and it is getting worse till now, but would the bad economy lead to property mkt crash? I dare not say so. I learn it fr China experience, I had been observing China property mkt for so long, when the whole world say China property mkt will crash right after Beijing Olympic, and solid statistic data and indicators did show that China mkt cannot sustain any longer after 2008, but the fact is it didn't happen. The correction is delayed 4 years!! (only happen in 2012), for those who waited the mkt crash in 2008, will the they benefit fr the current mkt crash? The answer is obviously not.
If purely based on economy indicators to judge a buying decision could be wrong. If I really want to predict the property mkt based on fundamental issue, then I must say, our Malaysia mkt crash shd hv happened by end of 2010! The mkt correction will come but it will be delayed.

did u follow cn low cost house development? r they really building?? haha..
they r still arguing/struggling la,, land cost from state gov, selling price etc.. no one wan to compromise, so very few r built..

Puchong super jam & super far from KL leh

http://usa.chinadaily.com.cn/business/2012...nt_15007548.htm

Beijing housing prices 21% down in Q1

"Prices for newly-built residential houses in Beijing averaged at 12,326 yuan ($1,948) per square meter in the first quarter, down 20.7 percent year-on-year, Shanghai Securities News reported on Monday.

As a sluggish scenario looms large in the coming months, discount sales became the first resort for developers to boost their market share. Eight out of the ten top house sellers in the first quarter slashed their prices, according to Chen.

Chen also predicted that the housing market would continue to fall lower and discount sales would also be inevitable in the months to come,

price-cuts would be the only way out for developers, who have been stuck between the pressure of capital turnover and the stubbornly high inventory of commercial houses, Chen added.
Residential housing sales dropped 14.2 percent year-on-year to 18,000 units, a record low since 2007."
Will Chinese investors keep buying property in bolehland while their housing bubble back home is bursting?

Is property situation in China similar to Malaysia?
Doubt so as as there are plenty of speculator that goreng KL/PG property

See the parabolic/hockey stick chart of house price index in Selangor? Scary! I really doubtful why KL didn't have a similar curve?

My friendly advice is, do not touch anything that has a chart like this...    pops pops

this say different thing wor 



"產業重鎮已達飽和

當然，產業供應成長率的下跌，是意料中事，大馬產業市場重鎮，例如巴生河流域、柔佛與檳城，已經達到某種程度的飽和，供應已追上市場的需求，吉隆坡與檳城住宅產業的不足並不顯著，這是兩個幾乎已全面城市化的市場。

柔佛與雪蘭莪仍面對住宅產業不足應付需求的局面，其他州屬也存在供應不足的情況，只有森美蘭州除外，全國不足的總數接近200萬個單位，許多大馬人仍住在店屋、非法屋、長屋及非石磚房屋。"
http://biz.sinchew-i.com/node/59230?tid=8

I must say, the after reading the few pages back, now you guys are scaring the shi+ out of me. I just decided to get a prop at SgLong and gonna tie myself with huge debt for the next 40 years... :s then you guys speculate that the bubble is going to burst soon :s

Was happy that i can afford to buy a house, but now I'm like falling from heaven to hell because of this bubble thing... i was too optimistic?