As a home owner and also an engineer in the construction industry, I learned on the costs etc etc and at the same time see how the market had escalated bullishly because more and more are built for "investments" purposes instead.

I had experienced developments where the Quantity Surveyor (many don't know what they are and do despite of claiming of their interests in property and construction) that they have to submit marked up costings to banks so that those money enter their own pockets la.... Then the developers go to enjoy at nightclubs or go Genting and waste up those cash giving money on their sexbomb to gamble lo.... People say black money, but black money can come from everywhere la. Btw gosh... you guys pay a premium to enrich developers today so that they can hump your daughters and wives in the future while your bald thinking on making ends meet.

Many idiots always argue on land prices and availability and prices subjected to location and amenities like MRT/LRT etc surrounding (which is partially true) but there are many points to counter which then turn into "Don't complaint, want cheap go Kajang lah... Bukit Beruntung lah...." instead of coming out with factual arguments on why things will and should UUU BY FOLDS when the majority of Malaysians is still eating kangkongs unlike themselves; working in KLCC mah..... We understand if your buy for own stay okay, but not for flipping now.

To conclude the rise of prices in illogical manner is due to speculation la. Speculative behaviour associated with them tend to cause financial crises, which lead to lower growth, higher unemployment and higher government debt, which we are seeing in our country. But some people say Malaysia will be a banking hub ma.... See how by then lo... As if banks are the sole field that generate money for the country.

Means it is just the perceived value of the house as calculated by a certain fake formula created to put people in panic mode to BBB lor....