Whether it will continue to shoot up for the next 3-5 years predicated on a number of things:
1) ability to reverse brain drain and attract talents to our shores. These guys are needed to move us up the value chain.
2) implement investor friendly policies to attract FDI
3) revamp our education policies towards emphasis on innovation, creativity and language skills to enable our folks to be globally competitive.
1 to 3 will help break the Middle Income Trap.
Today, majority of our middle income earners cannot afford properties > rm 400k. Most of our new launches in KV are > 800k or are pigeon holes. So unless our younger folks income levels move up fast or we are able to attract a heck lot of foreigners to buy our props, be ready for a correction.