Try to recall what happen during 1987, 1997, 2008 crisis.
> What do you expect for the ppl who bought 1m with 90% loan lose his job?
> What do you expect if BBB mode investor / flipper can't up keep with interest?

Malaysian had never gone thru a big correction in property market and most of the ppl only think price always go one way.
A sharp correction will cause lot ppl hold an negative-equity properties like what was happened in HK earlier and US nowadays.

bro, 'saver' region now only can apply to those 40's above malaysian, do u know malaysia got how many cc debt, u can try ask those 20's or 30's see how many ppl got cc debt, cc installment, car loan. asking them how much they spend for their food every day, how much they spend on IT gadget ever year, how much they spend for travelling every year.
you will find out most of them dont have much saving in bank. u can also see this happen in china, taiwan, korea, sg, and those asia country.

Spoken like a true politician...what else is he going to say!  Politicians + Banks + Brokers + RE Agents + Developers + Media defend policy and values until the bitter end...ask the western world. 

Remember, you can not have an Asian Centric View unless Asia has evolved to be the powerhouse next generation economy, that will only start after the Western World finally gives in to the move.  15 - 20 years away to start.  There is massive sovereign debt to be managed over the next 3-5 years that will put a final end to this cycle.  During this time, the destinations above will suffer badly especially China followed by HK and Sing.  Malaysia will not be spared with the exception of moderate corrections, 10-30% based on speculation/location.

I buy property when rates are high, tight lending in place etc as this means supply outstrips demand and prices fall to their lowest possible level.  This is the time to get in.  My suggestion to anyone who cannot afford to put down 30% right now is to stay out, rent, take the extra cash flow and save until this time occurs. 

Remember, a balanced portfolio should only include 40% of your net worth in RE, 60% should be in other balanced investements given your circumstances.  Just ask all the baby boomers right now with 85%+ of all net worth in RE if they can retire in the USA now, 5 or 10 years down the road?  Not! Dumping homes for cash where 3 more years of downturn in RE in USA is poised to take the market on avg. to 50% drop.  Smells just like QE in Japan the last 20 years and will happen to some extent in EUROzone and absolutely in UK.  Canada Aus NZ and China next to burst but coming in November mid terms USA.

This is only my opinion and for the value of those here who are not property investors but HOME buyers for personal use.  I'm a property investor and I choose to wait as well.

come on guys, get with the meaning, you need to sell the property first, find a buyer!  This is not liquid when it's a buyers market only when it's a sellers!  Ask California residents who are now taking a 60% hit on million dollar mcmansions as there are NO buyers and actually as I stated two weeks ago, in the month of July, there was not ONE transaction in the USA of greater than 500K.

Stocks, PM's even Currencies - Equities - Bonds can all be sold quickly if needed.  Your house, car, boat and antique Ming Vase, NOT!