I think our economy is recovering instead of going downhill. Oil price is going up and retail spending is getting better. China is pumping more money here. Many mega infra projects such as hsr and rts will start pretty soon.

I guess just guessing the impact of rumahwip or prima is taking effect in this segment . Most of the rumahwip or prima are selling well and the supply is enormous. Those who think of buying condo to flip or rent out will suffer .

Kedah the bumi quota is 50% that cause very high unsold units . The non bumi price property in that state is sky high. I am not sure about other states but I believe this could be one of the reasons beside lack of interest from investors.

Johar property is for international investors from Singapore , Indonesia , China , Australia an etc. Local especially johorians show little interest in investing .