My humble opinion, for now, no. Trading of property has two peak, when economic goes extreme well or bad.
I investigate a few months, right now this period most of the owner started to sell their property due to cash demand. Probably bcos of the economic just start going bad.

1. Due to that, price will slightly float up, but not because of the value and demand of property only, but the demand of cash, which contribute to the MAJOR issue.

2. Another issue is, there is once a trend that most "shifu" and "agent team" teaching the consumer to sapu these properties to become rich. In a short run, price will hike. However, this create the problem of supply (house wanted to sell) more than demand (real buyer wanted to buy for living) in the future.

So, if you are waiting for price falling, wait until the situation that owners need a quick cash to overcome certain bad economic environment or, the confidence of acquire an assest lower.

But right now...I can't see the consumer are worrying bout it as world govs are trying to maintain the doubtful GOOD ECONOMIC SCENARIO....but starting with the Fed Rate and Overnight Policy Rate, which contribute to critical impact to recent property buyers. Another great impact is, property industry from worldwide starting to burst, especially China...so if have cash, only can wait until the things happened...

Agree with your point. Rich man become richer while the poor become beggar is always the rule in the mad story. Market crash yet step into the main stream but started. Currently, MOST industry which rely on USA's order are facing a dramatically shortage of order inputs. Plus, especially production companies are all having a Hiccup now, more and more business owners are going into the credits and loaning crisis, which will affect to the economic effeciency in the end.

I also found out the business around my area all starting complaining on the bad cash turning due to property and asset loans, the OPR especially, making them start to panic. This will comes to a big Turn Around in the Taxpayer. That is, rich will become poor and poor will become rich. This is all come from the point of panic asset sales. The prices will depending on the ability of buyer, if most of the buyer still staying depressed since early this year, price will started falling. Sigh...This crisis is not the normal ones, it is too complicated, the War from Ukraine and Russia, the friction between China and USA, the NATO and Asia annex and the Second Trade War. All of these will be the factors which yield to the seriousness of world economic impact, including property area.

You highlighted a very good point, which Msia has a great competitive prices in properties. However, only in sub-urban area, which doesn't provide a good taste to most of the young buyers nowadays. FYI, the market price of these properties is highly relying on the nature of business in that area and the atractiveness of the job which could lead in high labor input. And this is why, yes, rich people would tend to invest more in those peak area only because it provide unstopable labor input (which translated into demand). An example, if we sit in Johor Baru, apparently there are a lot of legend gold area which are blown on how the place will be glorious, eventually it doesn't, due to the nature of business in that area. This trapped a lot of owners a few years, but it become more serious starting from this year.

I might miss a lot of facts and points...but the main point is that, the market price of property is now unpredictable compare to usual, due to the external various of impact...and most of them are depressed. Property agent team now keep crazing packaging how beautiful is the market is, just have to be aware.......

This post has been edited by sixguyz_jayhan: Aug 29 2022, 02:40 PM

Maybe there is a small misunderstanding here as I didn't explain completely. My wrong.

Price goes up as currently there is still a number of cash holder still able to trade, or, another way to understand, the bargaining power is still there. And this is why price haven't drop yet. Those temporary rich people are able to buy with that decent price. Those buyers also believe that now is the worst economic situation, all CHIONG to buy the properties and wait until the economic turns back again. Due to THIS situation, properties' market price all slightly lifted up. North Johore also the same situatioin, last month a numbers of trade suddenly comes in, same goes to South Melaka too. The market price all suddenly climb up, compare to early 2022.

But all these beautiful days will start withered like how you said "the price shall go down". Most owners started to sell their properties madly WHEN owners realized that that they are unable to hold anymore due to the economic crisis force them to gave up, at this time, buyers are also scared to to hold invest the asset. Now the supply is more than the demand. This dilemma of worrying by consumer is now brewing . The external factors by world's war and internal factors = politics will boost the situation that you mentioned.

I hope this may clear ur question haha....sorry for that un-understandable explanation.