Market is still overall downtrend. I am targeting market to be 1000-1200 points. If lucky, oversell a little before rebounding. No doubt it goes up every now and then. But medium term will be still downtrend.

Propertywise will go downwards. My friend already losing money just because property is stagnant. Dutamas property can get below RM400psf at the moment if u search properly.

Look at Dow Jones last night, go up and then reverse again. Biggest reversal since 2008 crash. For Bursa, it will go up, but then will reverse downtrend again. (http://www.cnbc.com/2015/08/25/us-markets-attempt-recovery.html)

Those UUU just have to suck it up and accept fate. Of course over the long term will trend upwards, but the time taken and the gains  will come back the same. Overall maybe 4% per annum over the next decade, which is the same as parking in FD. In fact, parking if FDI would gain the most profit, as my friend is in Public Bank's Treasury.

Those over leveraged can just stand and watch lo. Property not easy to sell and quit during downturn. Shares, you can just cut loss and wait T+3 to get back whatever money, but not for property. With impending interest rates and price stagnation looming, those overbought just stand and watch show lo.. wat to do. No doubt people argue about buying for ownself to stay, but if you are paying RM2500 a month to the bank, and your neighbour bought cheaper 1 year later during this downturn and only pay RM2000 to the bank, dont you feel like sohai paying the extra RM500? of course you dont feel it cause of ego, but that is RM6000 per annum.

During crisis, shares are so cheap, RM200 can buy you a lot of shares for small cap counters, RM6000 can help u get 30 lots to play and throw around during this time, not to count, that savings of RM6000 can use for emergency backup or holiday depending on how rich you are. That is just per annum, it took years for property and shares to reach this height but just took a few weeks for shares to crash and lose the years of gains. Property will have even harder time as it is not liquid enough.

Just my personal opinion.

Believe recent events at Forex and klse is the tipping point for kV property market sentiment.

Since when snake oil seller admit his materials is cheaper?

Your comrades need your support at https://forum.lowyat.net/topic/3691359

Flippers tasted profits in the past are likely to pour back and invested even more.

If 101 way could be used, property flippers in the US wouldn't had trouble in 2008.

Heard from a lawyer that property transaction has dropped substantially.

Number of transaction dropped drastically because vendors are holding back for higher price, so kv property price will uuu.

Every gen z, da ma, spm student know property market is performing excellent and price is increasing, don't need industry players reassurance.

Have you book your landed property? If not, why not? Waiting for price yo go up?

Congratulations! Very smart move, bought before price rise.

Typical snake oil seller.

Manpower cost goes up.... true
Material cost goes up.... true
Developer don't want to drop price (hard to drop either)... true
Buyers waiting for price to drop (willing to buy also tough).... true
Most developers said they will wait and see (So do buyers)..... It's a waiting game.

However how many developers can wait and hold? We have reached the threshold where as transaction volume is going down(REHDA already showed that). The demand is there no doubt about that, everyone agrees, but there are not many successful transactions. People just cannot afford to buy.

I agreed what they said, there will be more transactions in the secondary market next year. I believe the main show will be on the secondary market next year, at least the demand and supply is much more realistic.

Unless the secondary market could offer rebate, free legal fees and low or even zero dp, can't see how it could fare better than developers.

Thank you for your views. I did not say that they want to drop price. Who wanted to drop especially they earn so much during the boom of properties for the past few years. They get used to that kind of profit margin. Even employees like us are not stupid to lower down our salaries and bonus, if we still have a choice.

In my opinion, if in their own survey and statistics count that there is a demand even if they push up the price, I am glad to see that happen. That shows that Malaysians are getting richer and economy is going towards a good sign.

Let us witness whether reduce supply and push up the price works 

Taking up more debt doesn't mean getting richer; economy growth from debt is unsustainable.

Billionaires, business debt generate income or add value, and could be self sustaining. Private home debt is unproductive, need external income to support.

If borrowers can't pay back, bank could always foreclose the collateral, borrower is at the losing end.

During first two round of foreclosure sales, buyers tend to over excited and bid up price. However, price will drop with more foreclosure units coming under hammer.

Which vendor doesn't think his unit is in good location? Or buyer willing to buy at bad location?

With more kV property VP, mean commencing of loan repayment. Given current economic sentiment, many buyers didn't have expected pay rise which may lead to drop in consumers spending. Further drop in retail sales is not unexpected.