Property development is a business in Malaysia. They are not going to build unless they can make acceptable profits as development carries a lot of risks and takes a lot of capital. The authorities bear a lot of the blame here. They lump a lot of costs on the developers such as infrastructure costs, bumi quota/ discount costs, compliance costs etc. The government can easily make the business a lot easier and allocate land for affordable housing at a cheap price on condition that the selling price of a unit is fixed. Land costs are very expensive thus developers try to squeeze as many units as possible. Look at Hong Kong. In their effort to help buyers get affordable housing, they force developers to exercise cross subsidies.... charging buyers for the higher end products more to subsidise the costs for the affordable housing. Due to the above factors, i have come to the conclusion that new properties will only go up in price in the future... and this is not even considering the rising costs of materials and manpower.