From my analysis, subsale property market has started cooling down in mid 2013. This year we will see new development price climbing slower. New launch price going down is unlikely though with rising construction cost.

Offtopic a bit: while we argue price UUU or DDD, bubble burst or not, please remember that true wealth is not just in monetary value. Property flippers making money until people can't afford a roof over the head may produce broken families and higher crime rate. What's the use of having a lot of wealth when a lot of people around you are trying their best to get it off from you ? So don't forget to invest in people, in developments that sustain a healthy society (school, soup kitchens, orphanage) and infrastructure (transportation). In my opinion property should be only an egg or two of many in your investment basket.