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.

This is quite some thread. I can see there are a lot of mature minded people around. Let me clarify a few things first

1. I never said there are no buyers for my hse nor that I am having difficulty selling off my hse. Its just a matter of agreeing to a price in which both buyer and seller are happy with. FYI the asking price is based on the valuers recommendation and time is not a major factor for me.

2. I am not selling my hse because I think there is a bubble forming (which I dont) or that a correction is imminent. I am selling the hse due to personal / family reasons. If it is not for this, I will not be selling the hse. Period.

3. The property market for prime areas are leveling off currently because IMO the flippers / speculators are concentrating on new launches and sub 1mil properties. It makes sense because the capital returns are much higher. But Bangsar and other prime areas offers rock solid investment security even in the event of a recession or economic downturn. That is why there are so many retirees living in Bangsar.

4. A 10-30% correction in the 3rd Q is just a gut feel. And I welcome it. The property market needs to cool off, at least marginally. I dont seek gratification in seeing anyone lose their money or anything like that but I feel that it is necessary to ensure a healthier and robust property market for the years to come. Thus, the justification for the recent measures by BNM. Even a bull needs to take a breather before it charges forward.

I dont expect anyone to agree with me and differences in opinion is alright with me. But doing it in a cordial and respectful manner is the right way to go...

PEACE