DD vs SS, over supply will cause price to drop, rental will drop too, just imagine, for instance, if MK price drop 30% and rental increase 20%, do you think anyone would be blurr blurr paying high rental? very simple if installment lower than rental, sure buy

Yes, but you said, he had owned property even before completing his uni. So don't tell me he bought it from selling newspapers and doing odd jobs?
Unless he was doing business. Now this is a matter of wits and luck.  How many people can actually be like this person?

If it was a matter of hardwork, how many people (including those who already owns property) IS this person?

Chief, the example makes sense when there arent any life-boats or cheap housing anymore. As previously mentioned, there r cheap housing available if one is not choosy. No one forces anyone to pay half a mil for a new DSL when a 10 years old DSL within the same vicinity is at least 40% cheaper. Our prop price arent anywhere near HK, SG, China etc...........yet still ppl complaint?

Sometimes I felt ppl complaint as they felt that they r entitled for cheap housing. They somehow think gov, dev, and all prop buyers must ensure that the market adhere's to their own requirements. So instead of adjusting to the world, they want the whole world to adjust to their needs and wants................. and these r the same bunch who could have afford to buy properties for own stay 2 years ago but simply hold back as they are BETTING against the market................. only to see market has gone complete opposite against their bet..............

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Think again, people are not just complaining because they withheld and didn't buy 2-3 years back. Imagine if this is a fresh grad we are talking about, how do you explain this to him? "Son, you have to either work twice as hard as the rest of us, or come from a well to do family."

It's true, this is a dog eat dog world, I do not deny that, sometimes we have to suck it up and take it. But then again if everybody thought of the next person a little more.  The world will be a better place.

If we were on the titanic, and the ship was sinking, Yes, the guy who was the most aggressive and pushed his way through the crowd will find a lifeboat first, and the timid one only has himself to blame. However, if we had all walked in an orderly fashion, perhaps all of us could have survived.
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Until today, we Malaysian still consider an average new double storey link or  Condo / service apt at least 1500sf (in average prime location) is considered an ideal "home" for a family, anything below than that spec is miserable, I just came back fr Taiwan, knowing that a very successful film star is staying in a shop apartment and most of them are like that..I make a quick survey, majority think that owning at least a 25 tsubo (890sf) size  apartment is the most ideal home and considered quite successful (1 tsubo = 35.6 sq ft), middle upper class group never think or dream of owning a landed property in the Taipei City, only those multi millionaire "businessman" has the privilege to live in. 20-30 years back they are like us, complaining the landed property was too expensive.
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1)Will increasing young working population the answer to sustainable house price?

I realize the pool of young graduate is higher than when I was entering college and more and more young people can be seen in shopping mall on the weekend until it so pack that I rather stay at home.

During 2005 the same shopping mall is not as pack and crowded as it is now.

My theory is that although the house price have increase, but the price increase is with tandem with the demand in Malaysia economy.

Agree. Population has increased, naturally property price also increase where there is no enough supply. Anyone has the figure of how much of population increase vs number of new development?

2) On a macro point of view, the house price have only appreciated 3.3% around the country which is true, the house price in klang valley had shoot up like rocket, which is also true. But on the micro side, not all the house in klang valley has shoot up 30%-50% in just a year, it's is very confine and specific to hotpots such as  BU areas wherest Kajang, Shah Alam has not seen much appreciation like in BU and Mutiara Area which come to my conclusion that property high price is segmented and not as wide spread as perceive, so that area like BU and Mutiara maybe have excess speculation that cause the price to increase rapidly.
FYI, new launches in Kajang and Shah Alam also no longer that "affordable". 

3) But that also other problem, if those young graduate (Lots and Lots of them) few years down the road opt to buy a house with bank loan, the price of house is also not going to drop, because why sell lower when somebody will buy it?

House price boom is happening in Singapore as well, which explain the situation is not confine to Malaysia.

Even if they cant buy, they will and have to rent. This too make property market sustain

4) And there is also factor of Holding power, those people who hold number of property are cash rich uncle auntie which unlike previously 97-98 crisis they have little cash or over leverage, these people have high holding power which reduce the selling pressure on housing property, and with limited selling pressure, the downside will be limited.

Uncle story is queue up for new launches overnight. Buy 3 units. Sell 2 upon completion. Your unit is free!
But right now everyone is talking about leverage is double sided edge. I believe general public have more awareness.

Property price generally will come up and down like a cycle and the only way I can think of falling property price is in a recession and even the downside is limited to 10-30%. To seeing a property price crash of magnitude of 50% -70% is expecting a political unrest that send everyone panic to leave the country.

Property market in Malaysia is highly segmented market with high rise (super luxury, luxury, mid and low cost), Landed (terrace, Semi-D, Bungalow) and Landed can be segmentise by G&G and non G&G and the whole high rise landed  can be further  segmented with location and Neighborhood and area with each specifics segment experiencing it individual boom, burst cycle, varies in growth rate and price appreciation and even when in down turn, each segment will react differently.

Agree. Property market is such a general term, if people would want to predict the market, predict the segmented market rather than on overall

The best example is to look at  Mount Kiara high rise, it an segment on it own.

property price hike up depends on several factors
Kinrara for example bcos of the surroundings nearby
lots of amenities, roads, ongoing lrt extension etc
and if u look clearly...the location is becoming strategic nowadays

compare to bukit beruntung which the price wont go anywhere
u might get the idea