U don't need any numbers for specific countries. This is a general article written for all markets in general. The 4 signs are very real.

lets check how many page before this get close ...

everyday, bubble, UUU, DDD, budget effect ... not bored one meh ?

Well another factor considering ownership vs rental, the yearly assessment has just been double and I am sure many has received their 5 fiqure assessment for kl properties. I know a few friends who has just been slap an RM10K assessment to be paid and their rental is just RM1,500 a month so for FYE2013 it would been a lost for them after loan repayment.

http://www.thestar.com.my/News/Community/2...esidents-l.aspx

Taiwan actually had such data,  during the peak of their properties bubbles, there r 1.55 millions home with zero electricity consumption over a period of time,  recently the figures is at 1.48 millions.
Clear sign of bubble.

Too bad as usual we will not have these data, In fact we don't even allowed to publish car sales data base on brand & model (even Africa country published the car sales data but we don't. .lol )

Well, I guess the 1 million ruling really did us in.

At least there will soon be plenty of cheap props at iskandar soon....

Many greedy "investors" cant accept the word "bubble" as they are worried it may affect their profits later on when the "bubble" burst and properties prices become stagnant or even drop. What I can say is the market isn't looking very promising right now and with the current policies adopted by the present government, I would say that it is not looking good at all on the property sector as well.

I never say anything abt bubble, right?
Keep it simple. I'll buy if I like it and afford it. I'm not from Penang, but I think it got potential.

Here is an interesting article...

How Can I Protect Myself From a Real Estate Bubble?

To protect yourself, follow these simple tips:

    Don't overextend yourself. Buy a house that you can afford with a traditional mortgage where you make principal and interest payments at a fixed interest rate.

    Follow the rule of thumb that you should limit your housing costs (including property taxes, principal and interest, and homeowners' insurance) to between 25% and 32% of your family's gross income.

    Don't assume that your house will continue to appreciate at the fast pace that it may have in recent years.

    Don't buy a house whose price is artificially inflated just because you're afraid you'll miss out on the opportunity to buy before prices go up yet again.

    Don't buy a house you can't really afford just because you think it's a good investment. The more real estate prices rise, the less likely they'll continue to do so. Eventually the bubble will burst, and you don't want to be caught in "bubble trouble."

    Don't indulge in cash-back refinancing and use the equity in your home to buy cars or boats, take vacations, or pay off debt (unless you're committed to avoiding the spending habits that got you into debt in the first place). It could come back to bite you if real estate values decline.

    Don't purchase real estate with an interest-only loan if you can't afford the property otherwise. These loans usually have adjustable interest rates, which could make your payments unaffordable. Once the interest-only period ends and you must start paying principal as well as interest, you may not be able to make the payments and could be forced to sell the property at a loss.

    Choose a modest home in a good neighborhood rather than buying a home larger or fancier than you need or a bigger home in a less desirable neighborhood.

    Avoid buying a house in an area that has appreciated well above the average rate of appreciation in that area over the past few years.

The bottom line: don't panic about a potential real estate bubble, but exercise caution and good financial judgment when buying real estate, choosing your mortgage type, and taking equity out of your home.