Some already dropped 30% or more from peak.....

But no enough to create a bloodbath on the street.

A say: There are plenty stocks in primary market still, slow & bad market…
B say: There are plenty developers building affordable house, especially along MRT…
C say: is RM300k-RM500k affordable? How to buy, house too expensive, malaysian cannot afford.
D say: let the price drop, then sapu, do not buy now. (*Means there are plenty reserve power is waiting to buy the estimated under cut subsale)
E say: Now all material cost increased, hardly the end product price reduced.
F say: When market crash, all price go below actual value.
Wah… challenging market… bet or no bet?

According to Napic data, residential property transactions have been dropping over the last 2 years. Check out the following links for the latest Napic residential property transactions (charts):

https://www.land.plus/malaysia/kuala-lumpur
https://www.land.plus/malaysia/selangor
https://www.land.plus/malaysia/penang
https://www.land.plus/malaysia/johor

Residential property constituted 25% to 30% of most banks loan portfolio. Banks don't revalue collaterals unless borrower defaulted.

Property price dropped by 30% won't crash the banking system unless many borrowers are subprime but bank will be more cautious in lending to residential e.g 70% margin of finance.

If many borrowers are subprime, many property price drop will be significantly more than 30%.
Volume drop could mean either less supply or less demand. Since over supply is a common knowledge, mean volume dropped is caused by less demand.

In market economy, over supply or less demand will follow by price drop. Likewise during the bull run, price follow demand rise.

Transactions drop is usually correlated to prices drop too ... it means less ppl are willing to buy the asking prices, therefore eventually result in prices drop. From my observation, most property prices have dropped slightly from its 2013 high!