1) Irrelevant, property price is more about economy situation and property market itself. Before GE or not GE generally has not much influence, except if there is huge chance of gov policy after GE that is different story which I don't see it is likely.

2) Yes, it can happen, but demand can go up as well. Wages go up, inflation factor drive more people go into property etc.
Nobody knows, this still remain a big question mark there. People said the same during 2009-2010. Now we are end of 2011.

3) Economy no good now, but it is not totally bad all together. BNM may tighten here and there, but the move seems quite mild, and real killer of property come from interest rate level, which I don't see BNM will hike further, due to economy is slowing down a bit and with Euro crisis threatening the global growth (which affecting the export industries)

4) PR or not, they still have family here, if they earned in overseas, they might use overseas money to buy property here, even more affordable/cheaper for them.

Retire doesn't mean must cash out, even migrating, some are hanging on the property as well.
People here have a mindset of hanging on the property they owned as it is viewed as a valuable asset, and more "value" than cash.

What for cash out a 500k house then put in the bank?
Hang on the 500k house and rent out, to earn passive income is better. Who know 500k can become 1 million after 10 years later?
FD rate is low and inflation can slowly eat it.

5) Not much related to overall property market trend. This is to build affordable home for middle income people, and this is not going to be build at prime location area.
It is similar to low cost flat that to cater for low income people, and not much influence on the overall prime location property market direction.
Wait and see?
I believe it will be snatched up once it is clear where is the location, and criteria to own it.

The one that can change the property market trend is property start the vicious cycle of down trend, which prompt people stop buy for speculation, fear of losing value in their property or there is alternative better investment or FD can offer much better return rate than property.
So far, it is difficult to see this happening.
A correction of too steep pace of rise can be expected, especially at high end level one, but to say property market crash with inflation threat around us, chance is rather slim at least until now.

Somehow I fail to understand why many people said election is a big risk to the property market.
As we know, a major shift of gov policy on property issue is seems unlikely whether pre or after, why property market need to worry about the election then?

a friend of mine working in Beijing since 2007, he said the condo in the city area cost RM1,200 - 1,500psf in year 2008/9, now RM3,500psf.
he was so regrets not invest in Beijing

1.78mil is the transacted price.

wow.. 10% rebate also came out..
http://www.starproperty.my/PropertyScene/P...Scene/18048/0/0

Condo can only fetch RM400psf. Anything over this is overprice. Since some of the project is reaching RM600psf, 33% discount should be a norm this year.

If investor like us cannot make money, nobody will buy developer product. The reason high demand because of investor also. If developer don't let  investor earn, the developer is digging its own grave.