There are a lot of unsold units out there and developers does not want reduce the prices. And banks are offering people less loans and some with loans that has high interest rates because because bank is not willing to take the high risk. The rate of loan of rejection is quite high.

Additionally global economy is also not doing that good and have slow down. This has impacts on our country economy as well. Many people are thinking a lot before they buy anything or making investments.

Yup, but not much impact. That is why the government lowered the minimum amount that a foreigner can use to buy a property in Malaysia.

as such these kind of open purchase opportune, how would you expect the property price to fall?