assuming there's a bubble, and properties price plunge.
may i ask who will be the biggest benefactor?

the wisher for huge property price declination, may i ask what is in store for you guys/girls?
of course besides the eagerly awaited "I told you so!" quote, what else is in store.
care to enlighten me please?

thanks.

Since KL property price is so cheap, he should be buying not selling.

If everything base on "Crystal ball", in chinese we say "you say everything liao".. because it is baseless 

Those project you mention are completed or sold before the cooling measure starts.. thus behavior could be different with new cooling measure take place.. sales of certain area starts to cool down..

If the cooling measure manage to control the speculation activity, primary market can be cool down abit and avoiding catastrophic collapse.. possible of primary market stagnation, minor correction on pricing, until demand filling up the supply and the market starts to kick off again.. (if the cooling measures works).. In other words, maybe property price will not go down as much as 50% which some ppl are hoping for, and they continue to wait..

As long as ppl manage to repay, they wont get default.. bank will try to assist as much as possible to avoid defaulters.. Auctioning the houses below market value and recover the debt.. engaging AKPK to renegotiate loan agreement.. this kind of auctioning and defaulting happen all the time but just a matter of systemic or non-systemic. If things doesnt happen in systemic behavior, we might just experience property market segment slow down and minor correction which is not a bad thing and able to avoid the bubble bursting..

When primary market slowdown, good news for secondary market especially those who bought 2 to 3 years ago with 300psft to 400psft pricing.. because to the market now, 400psft to 500psft consider market price of below market price.. 

To the main topic. I doubt it will burst...probably go into double bubble mode. Given the rise in cost of living/inflation, prices of property in prime areas will continue to reach for the skies due to its location (look at HK, Japan & SG). Those not so centrally located would potentially follow suit with average increase. If one is to think prices will drop, you may want to continue dreaming. In the end, you may watch your dream of owning a home come to past.

USA was playing the same tune .... property prices NEVER falls and in the end it did .... by 50%.
I heard this from a Malaysian fren living in Atlanta. He owned 4 property then and collecting rentals. He was even thinking abt investing in Malaysia. Eventually the bubble burst and he focused back to USA.

He requested Rm1million from his dad, quit his job and started buying properties. He bought houses at the cheap, renovated it and rent it out. Hold it for a while and sell them. The process buy and selling is like selling meat in the market (his words, not mine)

But now prices slowly increases and "meat selling" slows. But it's ok ... he and his family living a good life on rentals alone. And the properties value he's holding is increasing.

So the conclusion price NEVER drop is BS. When the bubble burst it does.
If you r only looking at chart spanning from 1930 until now .... of course the trending is rising. So you assume the price never drops. But now, there were never such BOOM in the property market where supply is ample. Only problem is pre-launches, investors and developers are holding their prices up. Not wanting to let go.

Lets not get into supply vs demand argument when demand include speculative aspect. Because speculative demand is unquenchable while own-stay demand is one house per household.

And knowing the property market is majority based on COCR speculation, debt, low rental and "holding power"..... it bound to pop.
Oh and on "holding power" ..... try hold it for 2 years when monthly you r bleeding negative cashflow when property prices are stagnant. Your "holding power" reduces with time.

i have stopped asking the question why property increase 3x or 4x in 3-4 years but salary increase probably 3x in 10 years...

it doesn't match... but then it has been years since ppl predict it will burst... and look where are we today? same as it is...price continue go increase...

can it be possible that last time's theory or explanation will not work with current trend? what if new trend, you have 2-3 people combine income and purchase? that way, salary vs house price continue to keep up with each other, even though now ppl have to share and combine income to purchase...but at least still got buyer to support...

this is where probably the youtube video shown here did not explain?

my point is valid right? i know real cases where parents help kids to buy..or husband/wife share to buy... or flippers ...a few of them share to buy...so end of the day...the property is still not yet beyond reach....so there's no bubble yet....

Sifus, I don't understand one thing - why does everyone keep saying if you buy property for own stay, then no need to worry property UUU or DDD or got bubble or not.

If I want to buy a property for own stay, why pay 800k for one when there is a potential to get the same property at 15% discount in case of DDD? If I anticipate a bubble coming, but I still buy the property at 800k. Then 1 year later drop to 600k. Yes as long as I don't sell, I will not be at a loss and one day the property price will appreciate back to 800k. But why buy at 800k when you can actually do a little research and wait a little while and maybe buy the property at 600k?

Buy at 800k, drop 600k, appreciate back to 800k = no loss no gain
Don buy at 800k, drop to 600k only buy, when it appreciates back to 800k = 200k gain.

UUU or DDD matters to home stay buyers also ma, right?

This way of reasoning about renting versus buying for own stay is not correct. The way to think about it financially is to make a judgment of how the house price is going to move say in the next 2-3 years (impossible to even make a guess beyond that time frame anyway).

For example, my guess is best case stagnant to worst case -25% for the next 24 months.

Let's just consider for best case. You can rent for about 4% of prop price per annum unfurnished easily these days. On the other hand, for the next 24 months interest payment is somewhat more than 4% per annum, since during the initial years of your loan tenure hardly any principal is paid down. So, in this case (meaning if you think prop price is going to range from 0 to negative 25%), it is DEFINITELY better to rent. So to me, there is absolutely no reason to buy a house for own stay now.

How about if you are already owning a place for own stay? Well as a matter of fact, I have already sold off my own condo last year which is not under loan (together with my other property for investment), and renting now. The cost of exiting and re-entering property market is about 5% in Malaysia, and for me, I am willing to pay that 5% in the case that property is stagnant over the next 2 years, because I will be protected from the downside of -25%.

Of course, all the above hinges on your guess of how property prices is going to move. Your guess could well be different from mine (really no point arguing about that). However, if can find a really good deal then of course should buy whether for own stay or investment, like the example you gave about your friend.

What I am arguing is that of course it matters if UUU or DDD when buying for own stay. To say it does not is just silliness.

went out for a drink with friends today...the mood is BBB and sure win... one guy even commented that for sure price won't come down and definitely go up... so as of today, it is still very bullish mood...

which means, there's still buyer out there to continue the bullish trend of property price... sometimes no need facts, just see the market sentiment...if it's still good...then it will still be OK...

even condo price now reaching minimum 600k and some already reached 1mil...really got people buy...there's really a lot of rich people in malaysia...fuuh...

People currently selling their houses? Uhm, I'm not sure about this, but if I want to sell, I would wish for UUU no?

But add another line of business where it doesn't really matter if UUU or DDD.

Legal - Doesn't matter too UUU or DDD although if UUU there's more $$$ to be collected.

Woah, this statement is like "If you want to drink coffee it doesn't matter what the price is".

You are buying a properties that you may have up to 25~30 years of paying installment, and it is for staying.

Means that:
1. No liquidity. Investment properties already has the lowest liquidity, own stay properties is worse than that.
2. Let say DDD, no job, need money, also cant afford installment. Its either you let go at a price that benefit the "Vultures" or you default your loan to banks.
3. Let say UUU, your house doubled in price, but there is no point as you are staying in it. No increase in rental or no gain in capital. You can only proudly says your house worth $$$$ but it just on paper.
4. Increase in BLR also will bleed you to death if you buy overpriced house.

It doesnt mean dont buy. It means dont buy at overpriced value for whatever purpose.

That's the message these people trying to get it though in the forum,  For own stays don't bother the price is too high so long as u can afford it, just pay seller asking price,  even if price fall later buyer r not selling it, only paper no real money losses.
These seller know the market going south, so trying to dispose it to a bigger fool,  if price going north do you think they would ask u to buy & let u earn profits ? die2 also they hold, better than fixed deposit or mutual funds mah.. hedge against inflation they said...lol

Wow! Seriously, just on paper? No wonder with this mentality, you will never invest in anything because paper gain is not gain. paper gain is gain --- go ask warren buffet or bill gates. It is not liquid. Not liquid does not mean no gain.

Ok... I did not state clearly... when I mention new doesnt mean brand new... assume if got a condo just 1 to 3 years old vs a condo already 10 years old... I think the newer ones easier to rent and sell... so at least for short term it helps to cover lo....

Put urself as buyer or someone gonna rent... do you want an old place or new ones?

My bad... I did not mean totally new and virgin units... but as long within 1 to 3 years still consider very new...

Age not equals condition? yes and no. Some place, they do renovate and repaint etc...but end of the day i don't think a 10 years old or 15 years old condo/apartment can be equal to a newer apartment just obtained OC or 2-3 years old...

if i need to pay about the same amount of rent, i choose the newer ones... cuz hardly can find the older condo/apartment in nice and new condition...

even now if there's a brand new condo just OC obtained vs a 6 years old condo...i will choose the new one as well..everything brand new...i rent only...i can move out anytime when it gets old...

my thoughts and personal experience la...probably your area got old condo with like new condition...then i have nothing else to say bro...