The bubble burst 2 years ago after the revised lending guidelines. Products not driven by market demand has seen a fall in prices. Smarter developers have pivoted to the affordable sector which is more inline with market demand.

It is going to stay soft for a year or two and then the market will pick up again in terms of volume for the affordable sector.

Welcome to the real world. Have you lived in a 700 Sqft hdb in Singapore? Or looked at the density in cities like Hong Kong? We are living like kings compared to them.

We are heading there. Is the price you pay for development. If you want 1 acre landed house with durian tree, you can find that for 100k in Kelantan. Building upwards is the only way forward, high density plus mass transport link is the prudent way of city planning.

You said it. Market has demand for it. If there is demand is going to be sustainable.

You do not see much 300 Sqft units in Malaysia. Those are the real pigeon holes. Singapore basic HDBs are so small. And they have to fit 3 generations in it. No kampung for the older folks to retire to. Maybe Johor if they somehow get past the perception (rightly or wrongly) of being robbed.

Klang Valley has a lot of land but not in location close to economic centres naturally. Plot ratios and density could be changed. Is all part of city planning. As we get more populated, increasing density or plot ratio is a good way to manage the housing stock and tackle ever inflating land prices.

Yup. We have gone to the stage of redeveloping and repurposing older lands and buildings now. We are approaching the developed cities now in terms of our real estate market. Redeveloping is usually a really expensive exercise. So to average down the cost, increase density/plot ratio.

Another problem with Malaysia is our land law and the prevalence of strata units. Only with 100% agreement by all owners that a building could be redeveloped. Exceptions such as acquisition by government applies.