When there is a slump, it naturally means that it becomes a buyers market. So sellers need to improvise in order to make a sale e.g lowering price, renovating, offering better quality furnishings, etc. Its already a renters market now and in some areas its already a buyers market. That's why its actually quite scary to see ppl buying up new launches with the herd mentality without doing proper research.

It is our concern. This is the type of mentality which brings about property slumps and crashes. If everybody is a smart investor, would we have property crashes? We will have slumps as a natural cycle but not property crashes.

+1

Those who can't afford should be taught the lesson. There are risks for any kind of investment and they should realise that

Which new development did not sell well in the past few years? Rarely have I heard of a new launch that didn't do well. Its not the initial launch sales which are gonna determine if a property development is gonna do well in future or otherwise.

I always use The Twins, Damansara Heights as a key example. Take up rate during launch was very good but see what happened after VP? Despite VP during the height of the boom (bout 3 years ago), today 70% of the units are unoccupied. Original buyers are stuck with the units without being able to sell or rent and many are now resorting to renovating their units in an effort to offload them.

If this can happen to a development in a prime area, what can happen to non prime areas? Yes, property is a vicious cycle for those who aren't smart enough to read the warning signs.

According to JPPH Q3/2013 statistics;

In KL, total numbers of condominium, apartments and service apartments is 165,574 units.
Incoming supply (i.e. under construction) is 46,098 units and planned supply is 14,613 units.

In Selangor, total numbers of condominium, apartments and service apartments is 227,535 units.
Incoming supply (i.e. under construction) is 53,527 units and planned supply is 32,932 units.

Can the market absorb about 36% of new stock (incoming supply and planned) in the next few years?
More staggering is;
In Johor, total numbers of condominium, apartments and service apartments is 32,454 units.
Incoming supply (i.e. under construction) is 30,789 units and planned supply is 24,263 units.

Is it just me or am I noticing more and more auction properties popping up?

If I recall correctly, it was sometime in late 2010 that I last witness auction properties. Didn't noticed any in 2011, 2012. A few popped up in mid 2013 and now....

China property price up mean those China/Taiwan/Hong Kong speculators would unload & go back to goreng China property,  Malaysia properties price would therefore tumble, is DDD for sure. ..wakakaka

Unlike Spain, Portugal,  Australia, Canada, UK, Singapore where many China speculators try to obtain PR or long term visa through buying properties,  here in Bolehland foreign speculators prefer hit & run,  so expect foreigners cabut before new ruling on RPGT. .

Throwing cat among pigeons & see feathers fly is fun..hehe

now, that is true...

no panic yet. but, can't sell easy.

we'll see by mid 2014 - the infamous year of "tekan rakyat".

question is do u want to buy or sell!

Buyers with reduced spending power now want price to be reduced and eventually property price will drop/adjust accordingly. Not much margin to investors.  As such, investors won't invest. And the general population whose cost of living sky rocketed won't be able to afford moderate/ high end properties (I.e. above rm700k) A lose lose situation, really!