There is likely to be a shortage of supply of lower-end housing (e.g. $200-300k RM condominium) and buyers are desperate.

IMHO, he is under some pressure to get an affordable housing to move on to the next stage of life (marriage).

Flippers share risks with developers by taking units off their hands, but most of the time, they jack up prices unnecessarily.  However they are more of a symptom of the problematic housing system issue rather than the cause of it.  The PR1MA and whatever schemes are not very transparent and very slow in rolling out low to medium cost housing.  Flippers came in to scoop up the good units from private developers, knowing that the pent-up demand will push prices further and ensure future buyers.  By allowing the developers to buy up huge tracts of land, the government has effectively lost control over the housing supply.

one ting SURE government also aware the price is  flipped over too extreme.. what say you???

Thats a matter of personal taste, not value.

Although street food is readily available in Malaysia for between RM6-10 for a meal (roughly), you can buy sandwiches or kebabs at a convenience stall for Euros 3-4.00.

Daily necessities and housing are not included yet.  They should be cheaper in Malaysia.

There is "No" supply of 200-300K new condo in KV main as far as i see.. sigh

Your personal vendetta again him is making u look like a sour plum at time. 

U seem like finding every Good Excuse for damage control over Flipper, making them Hero out of Zero.. 

Do u know the meaning of 'purchasing power'? Let me give u a tiny example (which doesnt mean a generalisation of course but just for info). You can get a really good roast beef sandwich at Tesco Express, London for just 99 pence. You can also get a kilo of oranges in Frankfurt for E$2.50 and a kilo of potatoes for E$ 1.50. MInd you Frankfurt was the most (if not among) the most expensive cities in Germany.

What can you get for that price in Malaysia?

Expats in KL agree that Malaysia is the third best country to retire

KUALA LUMPUR - Vive Le Malaise! Kuala Lumpur expatriates are giving the thumbs-up to InternationalLiving.com's annual Global Retirement Index 2014, which ranked Malaysia as the third best country to retire in, after Ecuador and Panama.

http://news.asiaone.com/news/malaysia/expa...-country-retire

This article sums up the cost of living in Malaysia versus elsewhere.

I like your way of participation in a discussion 

Expats in KL agree that Malaysia is the third best country to retire

KUALA LUMPUR - Vive Le Malaise! Kuala Lumpur expatriates are giving the thumbs-up to InternationalLiving.com's annual Global Retirement Index 2014, which ranked Malaysia as the third best country to retire in, after Ecuador and Panama.

http://news.asiaone.com/news/malaysia/expa...-country-retire

This article sums up the cost of living in Malaysia versus elsewhere.

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

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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.

Interesting analysis but there should not be a direct comparison for the 2 period.
Speculation pre 97/98 crisis is more on stock market, these days properties.

Interesting analysis but there should not be a direct comparison for the 2 period.
Speculation pre 97/98 crisis is more on stock market, these days properties.

Implying more severe fall ?

1) certain new developers will go bust, number of developers will reduce.
2) many investors will buy into abandoned projects and cry foul.
3) number of bankruptcies will rise (rate of increase in proportion with the sudden spike of properties price)

whether or not this will cause the bubble burst is yet to be seen.