It will be no difference, those who being waiting the properties burst and 'Chap Sei Kai' will always in waiting. Coz it will be in 2 situation,
1. When the bubble has burst they will also said WAIT, the price will down further it still not reach the lowest price.
2. or else, when the bubble burst they wanna buy, but cant get finance because not banker willing to give support due high risk banker worry it will be bad debt.

Why can't some one who have earn in last round holding bunch of cash waiting for the right timing ??

Nothing is fall proof if u lived long enough u know what i mean, if oil call crash, gold can crash why not property, just ask anyone few year ago would they believe gold price can fall by this much, i bet the bunch gold investor would ask u to fly kite if you said gold price can crash just a year ago, US property crash, PIGGS property crash, so what make Kangkungland so special crash proof ??

Like koshin the only thing in your mind is someone desperate for a house but can't afford so crying for crash whole day, why not someone loaded waiting for you all to give up either by will or by force & grab it at lower cost later sell it when the market going up, if u used to playing stock u would know the rule of the game, roller coaster market is the most profitable marker rather then up slow up.

Heard of famous chinese proverd "Nai Kei"  there is alway oppotunity in every crisis. 

u want to buy or not 2 room studio 650k... next year 750k (amanya). ask your friends invest more.. buy everything in the market.. LIDO residence.. ecovest cheras , amanya still alot.. all good investment buy 650 k can flip to 1 million still left large units ..

simple explanation why negative cashflow property is not an asset

if your property is rented with positive cashflow
you lose your primary income ... your loan is still paid by the rental stream. no issue

if your property is not rented [i.e negative cash flow]
you still have you primary income ... your loan is still paid by your primary income. no issue

if your property is not rented
you lose your primary income ... your loan cannot be service ... dead in the water.

the issue is losing primary income during a downturn ... can you weather the dry spell until you regain your primary income.
people sometime is so "full of themselves" they don't even want to take job at half their old pay ... wait for dead only.

it really depend on your primary income power to sustain your loan.
some people primary income is share trading ... so F U loh !!