I continue reading all your postings with great interest.
The way you all discuss here, it will either be BBB or DDD or stagnant. I agree that general sentiment will be either be one of these. However when one selects to wait or buy, this should be based on where the property is located and not buy because every uncle, aunty, towkay, fishmonger, banker, hawker, lawyer, doctor, etc. are buying or because you feel you will lose out if you do not get a piece of the action. Ultimately for me personally, property investment basically boils down to location, location, location, be it in a BBB or DDD market.
As this present time I definitely think that the property market will soften further on the simple fact that there are units already VP-ed and soon there will be more units that will be getting VP in the coming months. Who will be buying these properties on the secondary market if there are not for own stay?
Having said that the market will soften further, I am still on the look out to buy. One will not go wrong in the long run if one buys at established areas. For residential, it will be likes of TTDI, Bangsar, Damansara Jaya, SS2, Damansara Utama, Taman Desa, Ara Damansara, Mutiara Damansara, Damansara Heights, Ampang Hilir, etc. For commercial properties, it will be KL Sentral, Mid Valley, KLCC, etc. It is only those new launces in new areas where the prices are above or at par with the established areas that will be areas to think twice or more before buying, especially when it is not VP-ed yet.
One can invest in properties, in any market sentiment, one just needs to be savvy and have knowledge of the area the property is located.Tats why one DDD lawyer also make a purchase of 66Xpsf condo in Subang..... He was familiar and confident of the place....
Opppss.... Did I put salt in his wound since is cancelled?....