Went by Wangsa Walk on Monday night, I saw that some new developments are still selling at ridiculous prices. Wangsa 9 (next to Sri Rampai LRT) was being advertised starting at over RM900k! Clearly the drop in prices is mainly affecting the subsale market more as individual borrowers have less holding power than developers.

The oversupply in Cyber is no joke. My friend has been trying to clear his unit for months as he's been unable to secure rental since his last tenant moved out.

As for me, I purchased a unit in KL around 2 years ago. VP is June this year, and already some owners are complaining about the developer throwing the price for Bumi release units. If you've bought units for investment in this climate, good luck to you. Those buying for their own stay are the only ones insulated from this crisis.