if most people cannot survive and losing job (income), the chain reaction will be triggered and affect people along the economy chain....

In this case, not only property, most investment will be tough to sustain....including gold.

So, if we are using a typical massive economy downturn as a extreme test case, well, you will end up not invest anything because, the value of most thing will be significantly reduced....

Focusing the discussion on the direct impact may be better...

So better get yr own property as early as possible because we don know what will happen in future.

mortgage broker? what is his justification behind that statement?
is he facing lower business these days?

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?

I have no problem purchasing property above RM1mil, like 6000+ other people last year - if I want to. I believe the number of millionaires in Malaysia is higher than this and enough to support all supply property market has to offer.

And your question again, sir?