Yeah, I believe there will be a minor correction in some parts of Klang Valley. These past few years from 2006, the run up in prices of property in has been phenomenal.
No doubt the demand for property is there but the buy buy buy phenomenon is really driven by speculation to the point where average property prices to annual income ratio is difficult to justify.
The historically low interest package offered by banks last year further feed the speculators appetite, many whom are now way over-leveraged.
Financial Is property going to drop?, General property price discussion
Jan 26 2010, 03:46 PM
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