While I agree that there's bubble in our current property market, I think we need to evaluate the landed market and condo market separately. Although DSL in Klang Valley selling for millions(or almost a million) sounds like bubble price, today it actually cost RM350-400k to build a double storey terrace, just for the construction cost only(earthwork/piling/building/infra/etc) excluding the land cost. That's why even government's PR1MA houses or those in smaller towns have to be priced aboved that.

For condo market, I personally think that there is a very strong bubble(wtf, ppl had to queue for rm800k condo in sentul??). The ignorant young buyers and the herd of flipper-wannabes have pushed the prices way over the sustainable limit, especially the studio units. A lot of investors are ignoring the affordability of local buyers and just betting on rental profitability after the LRT/MRT completion without the consideration that the size of the high-income tenant pool in Malaysia is actually stagnant all these years and there's no sign that it is going to increase in near future.

OK, maybe me too long wind and TLDR. In summary, if you want to buy a landed for own stay, just do it now. If you intend to buy an offplan condo for rental yield, i can only wish you good luck when you got the VP.

I actually have the same opinion about Fennel. Just have a look at Tamarind/Saffron's current rental or subsale transaction price then you can derive the conclusion easily. I wonder how many buyers have looked at the estimated number of completed units for 2015-2017 in Klang Valley or have spent some time to understand the neighbourhood of the property they are buying.

The RM350-400k is the contract sum developer paying to our subcontractor(relatively established with good reputation). I don't mean the subcon's actual cost, subcon also need cari makan lah. FYI, the cost is increasing everyday thanks to the booming construction plus LRT/MRT projects, so the figure you hear from the industry people you know during early 2013 or even mid 2013 is much lower than today's figure, some WIP subcons can't survive if their VO are not approved.

Hehe I don't think you have gotten the actual/correct info. I won't call you BS, peace bro, just perhaps there's some misinformation.

But don't get me wrong, i do agree with your "Developer laugh all the way to the bank, buyers cry" statement. What I trying to say is that the prices of most landed properties has the fundamentals to support(the actual cost to build now plus the land cost) even if the bubble pops now.

It is very dangerous when you use Singaporean property as an example to illustrate that the property in Malaysia will rise forever, without considering that Singapore is an island with limited lands and they have a brilliant administration which does its best to attract the foreign expats to live/work/invest there.

You are the one getting so excited about BN government, I didn't even mention anything about corruption. What I said is that Singapore has limited land and their policy attracts expats, I am sure that the forumers here understand simple statement like that.

Errr I don't get your logic, you could just sell your property at whatever low price you want whether how high the market prices are.