If you are in this line, you will know skilled labour in the late 90s is about RM30/day. Now you have to pay RM120/day. That is if you are lucky to find them not booked by other contractors

Sadly, there is still no technology that will mass produce completed buildings in factory and deliver it to the site as finished goods. We still need labour to put the building up at site.

I know the price of property is sky high now until it is just unreasonable. But we all know the cause is demand and supply mechanism --> easy bank credits, property developer which introduce DIBS etc, and everybody thought property price will not come down, if you don't buy it now, you never will afford. That has distort the market until it reaches this skewed speculative state

The price inflation is a phenomenon in free market. In normal property market, price will increase slowly in tandem with inflation. With the government intervention, speculative demand will be curbed and naturally, the price will adjust itself back to the normal level in time

Hope so. But I don't know whether it will go stagnant then down, or stagnant then up. Still anybody's guess

Yes, there are many new innovation. But compare to manufacturing, it is still a relatively labour intensive industry. Technology will cut cost, but not as much as in other sector.

Boss, plan to buy any this year ?

I hope you are right

As we discussed last time, will concentrate on good rental prop. Have about 10 in list. Wait until reach yeild 6% then can buy. But a few of them price not only didn't drop, but increase some more. Bugger seller. I guess good prop difficult to expect price drop. But I think now is buyer market like you said. We can wait.

Not going to buy new launch. Price is crazy. Fennel will be my last. That is also because my Co is their contractor

You are absolutely right. Property investment is location and project specific. It is case by case basis. For good location, price difficult to drop. So the rental income also stable.

Many posts here are talking about property market as a whole. The thought if property market drop, then every project also will drop. Just like KLSE. But they forgot property is not like KLSE. You can buy KLSE Index fund. But in property investment, you only buy specific property. Nobody is rich enough to buy every project out there in KV. So there is no property which can tie to overall market. When there is a property downturn, some project will remain stagnant or even go up in price, while some will drop price like lao sai

Like your Bangsar, golden triangle and Masjid India commercial, Taman Tun and other established area, the price won't drop much because in demand from tenant. People waiting to rent from you. It won't be badly affected. Adjustment a bit maybe lah. Price up or down you also won't sell because rental is good.

So for old bird like you sure looking at good rental market one. Established and in demand. If you sell your good quality rental yielding property, who you gonna buy back from ? Other people sure won't sell. So better keep those good ones lah. You sell already difficult to buy back one. You keep cash in bank FD only 3% what for

All the signs you mentioned are there. Why suddenly you said worse case only stagnation ? Any new info that change your view ?