We have another fortune teller here. 
Property Tsunami in the next 6 month? I heard this 2009, 2010, 2011, now 2012. Get bored already.

Even one get it correct one day (for sure, one day somebody will hit it) when property price drop time, so?.
Can a prime location property that 5 years ago that was 500k and now 850K, drop back to 500k?

it's happened the whole asia countries except japan, no point to blame any party like governmnet or BNM. i think without the implementation and policy by government and BNM, we'll still follow the trend to shoot up to higher price.

yes, wages are higher in singapore and hong kong compare to malaysia, but their property price are very very expensive till beyong the majority's wages too.

Looking at positive side, if Indo can recover from 1998 crash, now following closely behind BRIC emerging economy, probably Bolehland some day after political cleansing/spring cleaning or some major restructuring on the administration .. can make it too. 

With condition that majority willing to go overseas and work as foreign maids. This is actually from an Indo partime maid saying our locals too complacent and lazy. She predict someday our locals will be working for them in Indo. Actual, local think-tank Dr Kua also predict the same. Indo gomen now can lansi with their maids, stop sending maids from 2016 as their country need even more workforce  

Seriously, looking around friends and family member, almost all having family members or friends migrated or working overseas. First wave mainly Chinese already moved out. Others will probably follow suit when crude oil depleted. Positive point, foreign maids and workers will bring money back to sustain local economy. 

In short, the faster the political awakening, the better.

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Added on March 21, 2012, 6:09 pmSpoken to some Jap tat I met on the plane on his outlook on Japanese investment in the regional countries.

Thailand even with past political uncertainities, big floods the Japs mostly still prefer to stay put due to very attractive tax package. The further you build your factory away from the city, the higher the tax incentive.

Many Jap firms expected to move out from Japan due to electricity shortage results from shutting down all the nuke plants. Their preferred country Vietnam, Thailand, China, even India .. sorry Bolehland not in the list. People invest in your country still 'ah ci ah chor' asking this tat 30% crap .. bl**dy f**l.

Well, implement 50% RPGT will definitely stop the market grow, it will kill the whole market too, it doesn't work, only way we can do is accept the current launch price, if budget less than 400k for landed, less than 200-300k for condo, better look for Subsale market, recently I recommended a cousin bought a Subsale link house in sg long with less than 400k, with this price range he can only get new launch at seminyeh, since he can also accept the old one, why don't you?

Price will be healthy start from this year, over the time, people will accept and used to this price range, just like the petrol price, there's no way back to RM1.10/litre

Waiting is an option too, I respect! 
I recap again, if you dun buy that's fine, but dun simply ask other people not to buy.
If we give wrong advice (simply buy or refrain fr buying), it will cause disaster. In the past 3 years, many pretended to be expert stopping friends fr acquiring their desired properties are actually causing massive trouble to people who believe him now. It's a sin. 

I remember reading an article claiming Malaysian average housing debt is 10.xx times of salary, one of the highest in Asia? Please correct me if I'm wrong Actually the ratio make sense as i can see a lot of peers buying 400-600k with 40 years loan with just monthly salary of 3-5k 

What if I want to buy to rental and for capital appreciation?
Above is buying to stay I concur. I stay in house which is lower than the table
But I have few properties which is invested for rent and captial appreciation  . I utilize bank loan for such investment/
I keep a 1 years payment cash for my property loan payment just in case of anything.......

I believe it is to manage risk, any investment has its risk.
Stock like Pb bank is manxy X over its earlier worth, people still keeping. Its Pbbank stock not safe now?

Unless you dont want to invest and keep in FD... than you still loose to the inflation....

But I agree you should not buy few properties in one go, Buy one every 3-4 years and it should be ok. New risk is cover by property which has appreciated and the rental has catch up and overpass the loan payment

Dun treat all the house buyers are investors, more than 50% of buyers are buying for own stay, mthly installment affordability issue shdn't be a problem.
I can't imagine if they dun buy 2-3 yrs ago and they hv no problem buying now, avrg price has increased 50% in KV, do you think this is not a problem for them?
When people want to buy a house for own stay, it is wise not to comment to much, you won't know wat will happen.

Let us put it this way and here is what we know:
1) Klang Valley property is supported by genuine buyer whom want to call the place HOME

2) Klang Valley property is supported by Malaysian whom working in oversea that earns many times.
e.g. SGD 4000 = MYR 9600. Imagine how powerful is their purchasing strength

3) Klang Valley property is supported by Malaysian rich ppl whom speculate the market

4) Klang Valley property is supported by Malaysian worker whom took the advantage previously to buy super lots of property to speculate

5) Klang Valley property is supported by Foreigner whom buy for temporarily stay or speculation

6) Klang Valley property is supported by Malaysian company whom got free money to speculate the property market

Now, you think whether Klang Valley property price can go down???
The obvious answer is NO WAY

I found fire sales in Mont'Kiara

MONT KIARA MK10 3500sf RM750psf neg/MKll hi flr RM750psf neg fire sale/Seni 2411sf RM750psf. 019-386412 E30043 12/03/2012

Kindly explain under what circumstances can bring down the property prices at Klang Valley area

Fully agree with your view especially the highlight part.
It's better than someone says go read a few pages in this thread that contains 105 pages. Like someone tell a person to look for a needle in the sand. 

Even go down to 600psf still not fire sales.. 

There are still many decent condos around RM220k & DSL around RM350k, some more MBSB offers 100% loan. For a start you can still find affordable house if not too choosy. My 1st home @2001 was a 880sqtf apartment bought with RM88k only 

After your house appreciate you can sell & buy a bigger, continue these steps you will get your preferred home as your salary increases along the way.

A very sound advice....its a good idea to buy something within your reach first. It may not be in a  very good area but if you buy say for example a cheaper apartment priced at RM 100K, you can rent it out at say anywhere from RM 400 to RM 700. You can use this amount to subsidize your current rental unit. Then after few years sell it for a higher amount..meanwhile your salary and savings will increase to enable buying a bigger house in the future....the loan restriction may also be relaxed in the future...

It's true!

ya, it's true. the price might go down 5% then up 50% and stagnant there for 1 -2 years and go down 5% then up 50% and stagnant there for 1 -2 years and go down 5% then up 50% and stagnant there for 1 -2 years ... 

It's USD 700k + to USD 300 - 400k. Don't simply plug out your own figures and since then most of the houses stayed at that price. Those in New York are still in millions. They have so much 5 star service apartment.. i wish i could live in 1 of them.

P.S: where is the gold GUY? today gold went down to RM160. Anyone buying? LOL gold steady. PUI!

That's still valid and it's depending ON WHERE THE HOUSE LOCATION IS. 250k? Are those homes even in NY? We are talking about the best location in Malaysia which is so happen to be KV why those guys can't get the point and start comparing homes in texas or dallas instead of NY/LA/CALIFORNIA... our home in those rural area like PEKAN, TRIAN, PONTIAN there DIRT CHEAP and hardly had a hike in price. Go buy there if you want to compare prices at such a level.

*The You is not referring to you ya. LOL it's those who keep talking about US property Bubble and sharing their grandfather story without basis on location, value, population and demand.

The Finance Ministry's Valuation and Property Services Department Property Market Report 2011 released last week showed there were 269,789 residential property transactions worth RM61.83bil transacted last year, the highest recorded in the last five years.



MYR..................Transaction..%
<50K ................45,055.......16.7%
50K-100K..........55,307.......20.5%
100K-200K........80,397.......29.8%
200K-500K........67,177.......24.9%
500K-1M...........15,378.......5.7%
>1M..................6,475.........2.4%
TOTAL...............269,789....100.0%

There are lots of rich people in this country.
Why are you guys complaining here?