nowadays the pro no use salary to goreng properties la...

the prop now is stagnant. the correction is anytime soon... the prop listed in iprop at 6 months ago at same listing price tag still listed there till now with same listed price... no buyer.

subsale

cheras prop

[attachmentid=2597312][attachmentid=2597314]

Housing starts in America has improve 9.3%. I don't know if this will impact Malaysia in terms of property price.

As a matter of fact, price of house is still dropping:

Whole US average house price:
2008 $198,100

2009 $172,500

2010 $172,900

2011 $162,500

Malaysia dun have because its not transparent.

you need info for malaysia?
very simple, use the price for 2008 x2. that's the current price 

well, it's only happened since 3rd quarter 2009 till 2011.

If I be able to forecast accurately, I think I'll sitting in bursa malaysia every weekday, and im  @#!*%  rich now
Well, I guess there will be price correction for some area, no major fall on the price unless our economy hit by major crisis. I guess only ya, don't blame me if anything badly happened to u

You can get the House Price index for Malaysia from:http://napic.jpph.gov.my/epsKeyStatistics/...tletWindowsnpbj

1988 - 92
1989 - 96
1990 - 100
1991 - 126
1992 - 141
1993 - 148
1994 - 159
1995 - 189
1996 - 213
1997 - 217
1998 - 196
1999 - 192
2000 - 203
2001 - 206
2002 - 211
2003 - 219
2004 - 230
2005 - 235
2006 - 240
2007  -252
2008 - 264
2009 - 268
2010 - 286

From 1988-1997 prices increased 135% equivelent to 10% compounded increase per annum

From 1997-1999 prices dropped 12% equivelent to 6% drop per annum

From 1999-2010 prices increased 49% equivelent to slightly over 3% compounded increase per annum

No drop during Global Financial Crisis

The price increase we are experiencing now is nothing compared to the price increase seen during the decade before the Asian Financial Crisis.

Even with the continuous 10% compounded increase per annum prior to 1997, our House price index only dropped 12% in 2 years during the AFC.

If the market only dropped 12% during AFC, after massive gains of 10% per annum prior to AFC, do you see our market and economic fundamentals right now being worse than prior to AFC?

At 3% per annum for the past 10 years, our prices still have alot of catching up to do.

That being said, this is just my analysis of the data published by the Government. Other are welcome to share their analysis as well and hopefully we can have intelectual exchanges based on facts and figures.

I certainly do not go out there spreading false rumours. Ironically the one claiming others are making unfounded allagations is also making unfounded allagations of their own.

Now I understand,

all data and statements that show price will increase further, cannot be trusted, no matter where it comes from

we must trust all data and statements that show property price will fall

The more people talk about price can crash, the chance of it crash become low.

The crash often come when most people cannot forsee it.

This is always repeating and proven.

Because when more people wary or cautious crash may around the corner, it means those people are out of excessive speculation.
It is always excessive speculation that causing the bubble and lead to crash afterwards.

I will deeply worry if no one talk about crash, and everyone said BBB.

Not since 2010 la...... it was actually since our grandfather generation

http://money.cnn.com/2011/12/27/real_estate/home_prices/

Home prices down for 6th straight month

Its new house built by developer is up by developer increase 9.3%. Not house price. 

Market turn time, now expensive than yesterday, not worth, wait to go down further.
Next month, even higher already, hey last month, just 400k, now 420k, expensive already, wait.