speaking of which, recently I offered owner 740k for a 1099 square feet freehold 2+1 serviced residences in PJ postcode 47820, where he intended to sell it for 800k.

He claimed to be selling at loss as SPA price around 850k but looking at his acquisition year 2013~2015, one shouldn't be surprised at the drop in value. The thing is if you get it at all time high, you should be thankful there's still buyer willing to take over. any fall isnt really fall but more like correction to reflect actual market value

yes and keep in mind that transaction value might not be the true representation of actual value of the said prop as prop value might be inflated just to be eligible for full loan financing.