QUOTE(Onemorething @ Feb 8 2011, 08:51 AM)
Correct, based on the RE trend right now specific to Malaysia the run up has occured and is peaked for KL KV (key selected areas) based on lack of sales and increased listings. This in a normal market for me would indicate a correction even in a minor runup (which is not the case), when affordability is still within reach (which is extremely high right now) and debt to income is still manageable (which we rank amoung the highest in the world at 145%).
Taking the fundamentals off the table, RE has been on an Emotional ride since 2008 and without the cheap money and momentum we have witnessed would not be where it is today, not unlike the last bubbles globally in AUS, CAN, CHINA and back in HK SING MALAY.
Great RE opps in Mongolia, almost like the UAE but not here.
Quite simply dont look at what your neighbor is doing but what the high enders are doing right now. They all have their houses on the market and listings are up say 300-400% since Sept 2010 with limited to no sales. This is called trying to take profits from a great run-up off the table and/or divest in RE for this period however the time to sell these props was sooooooo last August.
This supply and demand cycle alone can only do one thing to RE!
I have been through this 3 cycles before, know the signs and can only share my experiences.
Expecting Gold and Silver to retrace as it's doing back to 1150 and 18.50 which will be good buys. You can start buying small amounts before this on the way down since again, knowone can time the bottom.
Only my opinion and willing to share!
respect ur opinion and experience bro
but like i said not so long ago, 1st time i heard about property bubble was back at year 2000...and the one who told me is working as a very important woman in BNM
but the price is still continue to hike
and then i heard again about property bubble in year 2008 and up till now the price again is continue to hike
i wonder if i have waited from 2008, lucky i didnt
i agree wit one of the forumer here which mentioned property bubble happens at different time in a different location