I don't think there's a bubble, but there is a growing number of developers putting up high prices at poor locations to take advantage of current property boom.

If anyone bought a multimillion ringgit property for investment, and think that it's going to be rented out easy, it's not going to happen regardless of the state of the property market.

Local property prices, especially the "high end" properties, may stagnate or "take a breather" at places when supply > demand. But it's merely a price correction, not a property market collapse.

As this is a hotly debated topic for years, I reckon there are still a lot of people waiting for prices to drop with/without cash in hand.

Like any other investment, do your research and take your calculated risk.