Yesterday met my friend who are in the mortgage field. I asked him regarding overprice of housing properties in KV. He told me that housing property price will fall at the end of this year or the earlier of next year.

Don't celebrate just yet. The Finance Ministry's Property Market Report show transacted prices for the WHOLE COUNTRY. So how "solid" are those figures to debunk the myth of the bears?

We came across a report a couple of months ago, the official data says median house prices in KL is about 500k, and 400k for Selangor state?
Developers are selling 350sf shoebox apartment located outside of the city centre at 360k these days. Saying there is no bubble at all is just fooling yourself.

Someone lives in fantasy land might think the music will never stop... just like those riding the tech bubble in the millennium.

Historically, all markets experienced exponential growth must follow by a crash. We have had exponential growth in KV property market in the past 2 years (price doubled in 1 or 2 years?). It's baked in the cake.
Over-owned, over-supplied and overpriced >>> bubbles. Let's talk up the market see whether it will work or not     

I dont think will drop to 2009 levels,that's a 50% drop lah.

Even in 1997 crisis can't find 50% jual murah.