Read from some expat forum US property market actually going into a long stall period before crashing,  people would wait before finally give up.

Its a waiting game, so long not in desperate both buyers & sellers would test each other patients.

It's a fox & rabbit game, DDD campers is fox chasing for food while UUU campers is like rabbit running for life, if the fox missed the yummy rabbit can always look for other easier target (eg other investment), while weaker flipper may end up with a bankruptcy if can't afford after vp, bankruptcy in Malaysia is no jokes.

http://www.starproperty.my/index.php/artic...d-and-lived-in/

I was not relating it to the loans.

Seeing more and more reports that real estate sales are on the decline. Thus ...

I may be wrong.

Bank loan is always available to qualified buyers.

Real crunch will come after auctioned foreclosure price is registered and become a reference price for new loan to similar units. Buyers to subsell units need to fork out more cash for downpayment, means subsell need to hold longer, sending more subsell to auction, to lower price. This phase will only commence 2 to 3 years after npl and may last for 5 years or so.

To most if not all flippers, it is too late to get out.

I remember talking to a developer senior staff before.  I asked them how they determine their property price.  He told me, they look at land cost, construction cost, etc.  But most importantly, they reference to the properties sell prices in the area.  If a condo projects in that area selling for 500 psf and are able to sell it fast, they will follow something similar.  Let's say, if the properties in Iskandar now is not selling well, I am sure the new developments will cut price to off load faster.  Bear in mind that for some developers, land holding cost and development cost incur interest as well.  If bad time is coming, and people desperate to cash out, the price decline may be very fast. 

Actually I believe that removal of DIBS actually impacts quite a lot on the investment sentiments.  In the earlier months or years, where DIBS is offered, it is a good way to make money, as no big down payment is required for 2-3 yrs.  Just like in one of the post, for 20k downpayment for 400k property, if, after completion, it is not too lucky that it went up only to 450k.  One still made more than 50% on 20k.  Now that DIBS is gone, the investor has to come out with 20k+roughly 36k(estimate 9% for three yrs) for interest payments, the same property will suffer a loss of (6k+other fees like agent commission), instead of gains.

Of course, one can argue that they can add these to the new selling price on top of desired profit.  True when the cycle just started, but not in the late phase of circle.  For people who buy the house for their own use, extra 10k is considered alot, as it may not be recovered for a long long time.  For investor or flipper, extra 10k is considered not too bad, as they can take it back very soon.  With own stay and investment distribution of 50/50, what do you think the situation is now ?

Too much negative thought, here some positive. 

http://www.creonline.com/real-estate-bubbl...of-hot-air.html

So BBB Gala continue. 

And then he is asking the market to crash so that he has company ?

Quite ridiculous logic.

On a different note can a average urban earning 6200 affort a average KL property at 620000 ??

On a different note can a average urban earning 6200 affort a average KL property at 620000 ??

On a different note can a average urban earning 6200 affort a average KL property at 620000 ??