1) Agree with you the bubble will burst eventually in USA. Maybe it will burst in Malaysia later, KLSE/properties. Nobody really knows at this moment.
If not mistaken the effect of 1997 crisis got worst in Msia only in 1998 when the KLSE dropped to 200-300.

2) Haha.. problem will solve by itself, that's what our Msia politicians are doing

Malaysia to take 3 years to recover from market slump

Dec. 12, 2008 (Bloomberg) -- Malaysia’s property market will take three years to recover from its current slump, the slowest revival in more than two decades, reflecting the reach of the worldwide financial crisis, Regroup Associates Sdn said.

“In the past four weeks, I’ve been staring at an abyss,” said Allan Soo, managing director and founder of Regroup, a Kuala Lumpur-based property consultant and home seller. “What’s changed is the global recession.”

A worldwide slowdown has sparked real-estate slumps from the U.K. to Singapore, causing Malaysian developers such as Magna Prima Bhd. to scale back projects. Values of luxury homes in Kuala Lumpur, where prices surged to a record last year, may fall as an oversupply looms, according to Soo, who declined to give a specific forecast.

Malaysia’s property market took about a year to recover from the 1997-98 Asian financial crisis, Soo said. The rebound from the latest slump may start in 2010 and take as long as the recovery from the 1985 recession, Soo said.

Compared with 2007, interest from prospective buyers has dried up, Soo said in an interview in Kuala Lumpur yesterday.

Read more here: www.bloomberg.com

Found that developers are give "indirect" discount now eg. free stamp duty, 0% interest during construction, BLR-x%, free S&P legal fees etc.

kinda funny if you read through this thread, some earlier quotes sounds very optimistic

"仙家"Singalingam

This post has been edited by muscaa: Feb 26 2009, 11:37 AM