When people start to buy property like buying vege in the market, u ll know the bubble is building up, same like stock market. Herd mentality and greed will accelerate the bubble exponentially to a point where its no longer sustainable, and burst. Same thing like what happen around the world, US, Dubai, China etc. Its just a matter of time unless the gov come out with drastic measure immediately. Low interest rate is the major catalyst to all this, not real demand.

This post has been edited by Singh_Kalan: Dec 15 2009, 12:29 AM

As far as i remember, Malaysia RE market has never been so speculative before. Prices gone up gradually becoz of inflation and some mild speculation rather than by fold. Only property in area like mt kiara, klcc are subjected to intense speculation. Things seems to be very different now, you ll notice all the new developments are being bought up like hot cake, some developer even claimed that its being sold out even before the launch, which I think its not true. Its quite common for graduate to own 1-2 houses nowaday. The question is, is there a real demand for all this. In any speculative market (eg stock) its subjected to up and down cycle, the same will apply for properties. Price will drop when the time comes. The market will correct itself.

This post has been edited by Singh_Kalan: May 16 2010, 01:23 PM

We got bunch of nigerian can afford them. They can use that as their drug processing lab or scamming HQ. But wait, is the demand is really that high from those nigerian ??