How sure are u???     
Because your parent didnt buy for u then u think parents buying for kids very low??     
Vice versa, I think parents buying for kids these days are very high......     

Statistically, 90% of parents couldn't afford to buy for their kids.

Believe it is consensus that;
New launch are priced at future price and sold out.
Subsale of older property is low in volume and price.

What does it implying?

I think the important point is:-

People don't want to live with poor people in subsale area.

Imagine you pay RM600k and live with RM300k people. How you feel? Must be pretty awful I think.

That's why I believe nokomis that we need to find something unique.

There is a whole train of reasons why people choose new sales vs sub sales but if this state is to be continued on a longer period, meaning :-

1. New sales will have to hold their purchases instead of easily disposing them off. Are they able to hold ? Fine if they can. Problems arise if they can't.

2. If they can't sell it off, their money is locked up, they can't possibly acquire further new sales.

Meaning it will come back to affect the volume of new sales too eventually.

I hear you, valid points somewhat, but no need to renovate?
Points 2 and 3 may be correct up to a point. Some can't wait to move in, as opposed to keep paying rental on their current sucky stay. (what? wait for another 4 years! ANd even then you just hope and pray dev dun run away... ) Unless you are buying from reutable dev, which would then cost you like what? 750 - 900 PSF?

Point 4 is why some older property is sought after WHEN it is well maintained. I cant tell you how many VP props end up turning into a place out of a horror movie. Bad management and developers. And party, may be due to majority also bought it to FLIP or RENT, so don't care at all.

Older, well-maintained spots has it's charm too/

Based on cfa28 reply, I stand firm on my opinion that paying rich neighborhood price for Bangsat neighbourhood is awful.

Will a housing area which full of rubbish, bad security etc increase price from rm100k to rm600k? buy sub-sales also need to open eye big big mah

Erm cannot buy landed la high rise still can la hahaha 
No landed for foreigner is best policy 
Again this is personal opinion only 

Being a property investor, you want to limit your market to local Malaysians?
Foreigners are willing to pay more due to exchange rate and they are the ones that help in price appreciation.
In this new globalized world, most countries are open to foreign ownership.

Where do you think the property boom in Malaysia ...well bascially worldwide came from?
It was from open market to foreign ownership. I would say they are mainly flippers.
When you enjoy price appreaciation in your prop from foreign ownership ... were you complaining?
C'mon ... be fair.

You "godify" or "witchify" these people. They cash out for various reasons unrelated to the ability to read the crystal ball.

huh? Which developer doing the flexi-hours, contratual with it's staff? Can share share? Good to know for us la, so we knoow.

"building wealth through homeownership is a fallacy" by robet schiller.

Wealth can in form of asset and property can be asset not nessary need to cash out.
Cash is just a figure of number that make u happy

No more money how to maintain the 3 millions house ?? 

Holding a stagnant wealth is useless if can't be convert into useble form, eg give U 10kgs gold bar but not allowed to sell or trade, just look at it & polish it.. what for ?