There is a shortage - of affordable housing. There is an oversupply of high-priced condos. Building more high end condos will not solve the shortage.

Offtopic a bit: while we argue price UUU or DDD, bubble burst or not, please remember that true wealth is not just in monetary value. Property flippers making money until people can't afford a roof over the head may produce broken families and higher crime rate. What's the use of having a lot of wealth when a lot of people around you are trying their best to get it off from you ? So don't forget to invest in people, in developments that sustain a healthy society (school, soup kitchens, orphanage) and infrastructure (transportation). In my opinion property should be only an egg or two of many in your investment basket.

Dont blindly believe wat u read, many posters actually from developer or wit vested interest in many poperty forums....dont even trust the local papers...speak to the person on the ground tat r involved in the industry...many expensive newly completed projects difficult to sell...Nadayu at Kajang....Valencia....Msuites by Mah Sing, some bought Rm620k bout 3 yrars ago, now selling Rm680-700k..if u factored in the 30% RPGT, it doesnt look like easy money anymore, taking so much risk buying overpriced poperty just to end up making maybe Rm40-50k after minus everything

Flippers and buyers of expensive houses also work hard for their money and take risks. It is better to direct energy to making products and providing services to other people, to add value to the society, rather than cursing others and making no gains in the savings account.

Maybank IB Maintains "Underweight" Rating On Property Sector

KUALA LUMPUR: Maybank Investment Bank has maintained its "underweight" rating on the property sector and expect the market to be hit by the new cooling measures of Budget 2014.

The investment bank said developers had expressed caution on the property market outlook over the next six months and are switching their product focus to affordable housing as the demand is still resilient and supported by the young demographic.

"Stricter mortgage lending by the banks will also slow down new transactions," the bank said in a note Wednesday.

Competition is also intensifying with the entry of developers from China into Iskandar Malaysia, said the investment bank.

At end-2013, China-based Guangzhou R&F Properties acquired 46.94 hectares in Johor Baharu from the Sultan of Johor for US$1.4 billion.

"We are concerned that these developers will deluge the market with a massive supply of high-rise mixed development projects, inducing price volatility, if there is no synchronised planning and control by the authorities," it added.

- BERNAMA

Sharing what I did last night.  Used data from NAPIC. I am not responsible for the accuracy of the data here or their interpretation.

[attachmentid=3813478]

1
Asking myself, is line B2 the new brother of A2?

2
In the 1998 crash, tell-tale sign was the high rise price index which declined 2 years before others. Do not see that pattern now. In fact, high rise index has increased the most (39%) among others over the last 3 years.

All  Tce  HR  SD  DT  ==> 28%  28%  39%  24%  26%

Did we really see this higher jump in HR price  in the market from 2010-2012?

3
The decline in 2008 was less than I expected (I expected >30%). The total drops over 2008 & 2009 were:

-12% -8% -10% -20% -13%

Biggest one was the SD sector.

If the relationship between the index and the actual price is linear, then the price drop was not that much, less than 20% in the 2 years.
I know history does not repeat itself down to the seconds but some awareness should be helpful.

If you see some other things in the 2 graphs, please share.

And also, if you have 2013 house price index data, please share as well. I am very interested to know whether the index in 2013 has started to decline like in 1997. Then more bad news to come!

Cheerio.

Implying more severe fall ?

L.M.F.A.O!!!! 

Confirmed flipper this fellow.

Flipping properties less risky than operating a business?? You must be living in la-la-land!!

Of course, any businessman who is foolish is soon to be bankrupt.

But guess what!

A foolish flipper will soon be joining him!

LOL!!

I dont think smart singaporean property investors will invest in Malaysia property now. Maybe for those foreigner who follow the herd and buy blindly will invest in Malaysia now.
There's a news in Singapore mentioning that the SGD to RM conversion could reach 2.80 to 3.00 in 5 to 10 years time.
In that news, it also warns Singaporean to reconsider if they plan to invest in Malaysia property.

KLSE should close shop and go home.

All just go to flip props!