Fact 1 >>> Salaries are not rising in tandem with cost of living + appreciation of new property launches. For example, my accouting industry only gives minimum token increment every year and nowadays MNCs under shared services will CAP all annual bonus to 2 or 3 months only maximum. And promotion is super intense as almost everyone especially ladies are studying accounting/finance.

Fact 2 >>> Affordable housing are not sufficiently provided, especially the middle market (PR1MA market) that will not opt for PPR/SPNB/PKNS.

Fact 3 >>> Malaysians have to make Car Purchases as priority because the need to commute to work when public transportation system is not feasible, non-existence or poor service and poor coverage and for security reasons.
We can't be talking about one or two people out of hundreds of people.

do u think with ur age u can own more than 1 house in Singapore? give and take lah bro.

I strongly agree with your statement of "cannot compare with HK and SG".

Both HK and SG have land scarcity issue and the property market is highly regulated. Whatever curbing measure the government impose, it will not affect the market like what Ah Tong highlighted, to some extent, I feel he is over eXXXXagerating the situation. When we refer to HK and SG property market, we are generally refering to 50% of HK and 15% 0f SG private market. Most of the property hikes were caused by the inrush of new cash rich emigrants from mainland China. Most of the low and middle income group stay in the government public houses aka HDB in SG.

It is not a fair comparison to Msia market if the data is extracted from the private market of the two high income city states. It is basically comparying high income elite group to general public.

In china, similarly data from Shanghai and Beijing (which contributed the most to the transaction data base) are somehow a regulated market in a different manner. After the ridiculous property curb by communist party in 2009, most of the new development are transacted by the ultra rich and ultra powerful (political) group of people. Ah Tong intentionaly or selectively neglected the fact that the cradle city of China private entrepreneur Wenzhou is suffering a whopping 40% drop in price in 2012/13 and yet to have sign of bottom out; yet to mention the ghost city in Bayonnao, kangbashi, Xin Zheng city, Erenhot and etc.

Ah Tong is a developer, what else can you expect coming out from his mouth? same like what you listen from property agents, conflict of interest la.