QUOTE(zonefinder @ Nov 22 2013, 05:35 PM)
Aiyah, don't frighten folks like that lah

Let me tell you a bit of my personal experience. I was in Spore in mid 90s. At that time, property there as booming and my contemporaries there never experienced a downturn in property prices ...ever, since independence. Same sentiments..pty prices will never go down...
I bought a condo in 96 close to peak in the market. Market corrected big time the next year in 1997. My condo dropped 25% and stayed at that level for about 6-7 years. Balls oso dropped lah but I held. Prices came back big time in 2005. Sold end 2005 with profit of 60%. Point I'm trying to make here is that if you have holding power and a medium to long term investor or for own use, properties is the best investment out there.

+1, the mentality of property price will only go UUU????? think about it, it is not feasible, if the only direction is UUU, then by all means invest in record breaking price cuz it will only go UUU .... 1m also whack la since property price wont drop ma... 2m still whack 3m also whack.. what also whack ... then flip flip flip.
Although I have just bought my first property, i also will shit in my pants if there's a burst. It will be ugly and my decision to invest at this time around might be a detriment and me being a risk averse in the future if market really collapse la. Imagine, going in so young at 23.... how to recover....
However it makes sense to constantly be aware of the economic situations (also consider US EU etc) ya la some might say malaysia boleh ma but heck you can never predict the future....
If I can think like that.... I dont see why others cant think this way.... (no pun intended)...