A fair assessment, with very valid points. However, please allow me to point out some facts to support the BBB camp (there's no fun if I agree 100% with you, no?    ).

Cost push inflation due to
1.  GST effective starting 2015
2.  Recent petrol price hike, expected to continue to increase as subsidy is reduced
3.  Increase in sugar price, and other basic food items, again due to reduction in subsidy
4.  Foreseeable weakening of MYR, due to US pulling back its money.

Also, do note the following facts:

1.  Authorities are cautious in implementing draconian measures in curbing property price increase, due to the precedent set by US (the effects of a quick decline in property prices is very evident in the housing bubble)
2.  Growth trumps inflation, in almost all macro economic management.

Any comments? 

its been more than 10years I heard this phrase.....

magic words include, bubble, its coming, soon, future, not a lot of people buying, price too high.

in my opinion, as long as market price is same as the bank value, won't be so easy to burst. imagine whole country property price reduce 5%. country lost how many billion?

gov will surely protect it and dampen it.

BNM possible rise of 50 basis points in 2014 is valid only if Fed keep their rate close to 0%. As 0% rate is exceptionally historically low rate; after QE, Fed rate will return to historically norm of 4%.

I m quite happy many still believe price will be continue to Up 3 & people continue to Buy 3 while developer continue to Build 3, bank continue loan3, more people Borrow 3, as low BLR will Stay 3 hopefully the household debt go beyond 100% by 2014-2015

Opportunity to grabs cheap properties coming soon..lol

Cybermaster98 why waste time educating them ? just prepare cash & wait for the perfect storm...lol

While I agree that there's bubble in our current property market, I think we need to evaluate the landed market and condo market separately. Although DSL in Klang Valley selling for millions(or almost a million) sounds like bubble price, today it actually cost RM350-400k to build a double storey terrace, just for the construction cost only(earthwork/piling/building/infra/etc) excluding the land cost. That's why even government's PR1MA houses or those in  smaller towns have to be priced aboved that.

For condo market, I personally think that there is a very strong bubble(wtf, ppl had to queue for rm800k condo in sentul??). The ignorant young buyers and the herd of flipper-wannabes have pushed the prices way over the sustainable limit, especially the studio units. A lot of investors are ignoring the affordability of local buyers and just betting on rental profitability after the LRT/MRT completion without the consideration that the size of the high-income tenant pool in Malaysia is actually stagnant all these years and there's no sign that it is going to increase in near future.

OK, maybe me too long wind and TLDR. In summary, if you want to buy a landed for own stay, just do it now. If you intend to buy an offplan condo for rental yield, i can only wish you good luck when you got the VP.

What happened to all the UUU campers out there ah?

So quiet wan they all nowadays....?

the question is if the bubble grows 100% in 2 years...and if it burst and goes back to original price... u don't really lose much also...

example, condo original price 350k, in 2 years goes up to 700k..

bubble burst...lets just assume... can the bubble burst cause price drop to 300k and below? i don't think so...

so even if bubble burst and drop 50%...go back to square one...

what is your thought on this?

Neither U.S, Spanish or Greek gomen wish, want or cause  property bubble burst in 2008. Property bubble burst in those countries was largely initiated by many buyers/borrowers couldn't sustain loan repayment.

If loan tenure is over 20 years, statistically, there is over 50% chance BLR will be above 8% at least once.

I see foreigner cabuting

The foreigner rushing to sell r the flipper, the foreigner rushing to buy is Singaporean who wanna buy a house & stay at JB/Iskandar.

By 2014 hehe .. House grab time. 

As long as people have jobs, and the economy is in the positive growth region, don't expect prices to fall.

The problem with you guys is that you only assume that can only be two scenarios that can happen. One bubble burst, two bubble doesn't burst but the truth is what could happen and more likely to happen is stagnation or near zero growth until inflation catches up with the price. Even during the US recession a few years ago that was what happen.

I've said before, as long as interest rates are low, and economic growth is postive people will have very high holding power.

So where's the drop? Show me. If 1 drop and 9 others increase, is that a drop or increase?

I've no idea what you're trying to say.
What's your point?

Interest rates were way higher then in the 1980s/90s. That's why house prices are under control. So as long as interest rates are low, people will hold on to it.

And yes during the US recession there was a 1-2 year stagnation. There were tonnes of people in this forum who said house prices will go down and crash but it didn't  You can check this forum 3-4 years ago.

hmm, did you buy any this year?

Unless the statistic is unreliable, fair to declare the bull run is over and we are at about the peak price (but not sure on which side)?

On a slightly different note, does anybody know which condo in TTDI did Tan Sri Hashim Ali's son die at?

This is at odd with demand over supply market, or strong property demand is a mirage? 

Buy first then think of sell, something on hand better than non, kiasu attitude.

Having says that the property only going to complete by 3-4 years time, if cannot fetched a lucrative price just hold loh ! Sure can earn just matter of time.

Half Malaysians moving into Greater KL so no worry no takers.

Cybermaster98 save ur breath lah ! just let them be if not later u can't get fire sales..lol