Just simply quote one statement to verify....

Wonder how does this Dr arrive to say property price from 500k to 300k?
Is there is statistical prediction model to derive until 300k? If the formula is a secret, then can share what the recipes are (jpph data? etc) and a graph to show a down trend pattern to 300k.... ?

This is just one of my many questions...

Why not down to 100-200k if 300k is still not an affordable price? Why spelling 500k?
A Dr or chartered personal like him is assumed to have some way of deriving those numbers. If he really simply plucked some numbers to make up story and there's no different than chui sui talk.
Anyway, since his article has attracted attention, let's if he will present any data to defend his statement. Will see ...

so far I only hear investors sold at near cost or with little profit.....the worst case.

no one sold below purchase price yet..........not that I know of......perhaps ppl that sold below cost tend to keep their little dirty secrets to themselves.

(excluding auction properties).

Not sure if this has been addressed but i think the key trigger for a property slowdown - continually stagnant prices for landed and significant correction to condos is the fact that the period of low interest rates are now over.

Property prices - in PG, KL, JB since 2011 has been driven purely by increased affordability arising from a sustained period of all time low interest rates NOT from salary/increase. Sure people still have their jobs, but the fundamentals of property - economic and wage growth has not been supporting the level of prices we are at now.

The US fed reserve is looking to hike rates 4x next year, BNM has already stated that it was hiking rates - (many expect 25-50 bps next year which will result in 5-7% increase in monthly mortgages) and stated that it will continue normalising interest rates over the course.  Leading up to 2020 effective lending rates will likely be closer to 6%.

So apart from the supply-demand imbalance, wages have to catch up to property prices on falling affordability levels.

I can go on with this, but my question ia...are asset holders due for a rude awakening soon with the end of a multi year cycle? and how long will the downcycle last considering we are stuck in a middle income trap?

Awaiting your insights :S

So many bad news for the last few days

1. Bank Negara is considering to normalize interest rate.
@this impact is obvious

2. No mall which mean no mixed development
@ bad to contractor as developer will slowing down the launching and has no choice but build more residential unit below 1 mil which is already flooder in the market.....

3. Rent to own scheme
@Bank become landlord, current rental market is doomed already with so many supply, banks venture into rental market will making it worse..

4. Bank Negara informed the whole world that there are 130k unsold unit which is almost 100% increase when compare with last few years
@frankly speaking, nobody would know this if they didn't announce it, now this was reported by all the main media, who dare to commit more loan....