Another I want to add is that, renting is not necessary no good.

Renting benefit
1. Improve cashflow, due to less commitment
2. You get rid of the housing liabilities part of story.
3. Can move on easily.

Cashflow is very important to individual especially for middle to low group people whereby financially generally tight.
If renting can significantly improve one's cashflow and lead to more financial flexibility and more room for others like investment, business, renting is not as bad as many have taught.
We have seen not few case that people over commit themselves into housing loan, until cannot breath much every month.

Buy a house and rent out, sometimes is not as lucrative return as many have taught. The net return after deducting all the expenses incurred (as well as being taxed), the return could be on par with FD rate or some even worst than FD rate. 
Gross yield of residental properties for rental market generally quite low (except for certain strategic, golden location), and their gross yield can be in range of 5% only. After deducting the expenses incurred, and tax issue, it could be as low as 3-4%. 
It is not quite rewarding, as you still need to face tenant's risk/troublesome issue as well.

if you are buying a house for own stay, spend some time looking for the ideal place ie what you want from a  house in terms of location, design,type,quality,feng shui,amenities and what have you. once you find that house and you have the means, buy it.
dont worry too much about timing...............
buying for investment is a different  ball game altogether-
timing is obviously crucial here.

only early this year i ask a single story semi-d in miri sarawak, and the price is RM380k! another development is selling at RM300k ++ too. 10 years ago it is only RM150k. and this price is almost the same across the 3 bigger cities in sarawak.

I rather get a house/condo/apartment in klang valley for the same price.

Sorry mom for not able to get you a new house there 

Not very sure of the land and house size. The buildup size should be around 22 X 70, land maybe 35x100?? juz like normal semi d ss house in miri, but with 4R2B. Not those luxury type, juz with a higher ceiling at the living room, and a 4th bedroom. Tat time i saw nobody there, so i climb inside to see. Get to know the price from another developer's salesman at another nearby project. the distance maybe around 12km to 15km from miri city center, not consider far, but is near to airport. Now a lot of new housing projects at that area.

from the salesman also get to know there will be a miri 1st gated and guarded town house concept type of project opposite to miri airport. forgotten the price, but is something that near to 300k also.

i dun think i can get back to miri any sooner. i'm not in O&G and the salary in miri is so low. wonder how they can afford the house there?

What I noticed after the LTV implementation -
1. Buyers are no longer aggresive
2. Sellers are still asking for above bank valuation price when LTV was implemented but now asking for price at par with bank valuation.
3. Also noticed several units asking for ridiculous prices have now become more reasonable - remain unsold as advertised in iproperty
4. This has happen to several places - namely Mont Kiara and Kota Damansara.
5. For some areas, I note that the asking prices remained higher than bank valuation but the unit remained unsold

I believe this is the beginning of lockdown between buyer and seller - where the equilibrium depends on the bank valuation.
If this is correct, then any internal or even external factor - ie bullish or bearish, will invariably impact on the bank valuation.

I really hate the price of the properties in Klang Valley. Stupid government.

Actually I'm in a dillemma as well, I have been saving up for quite some time. I don't know whether I should invest it in my 2nd property or just use it to clear off my car loan.

With high property prices these days, I would not rather take a loan to pay off the bank with huge interest.

Any suggestion? Pay off car loan or get a 2nd property?