IMO, now is a good time to buy mid-end segment properties due to :

1. Currently its a buyers market, can choose and nego as u wish.

2. Panic selling does happen occasionally due to global stock downturn. I see more bargains in the market today compared to 6 months ago.

3. Financing rate is at its all time low and banks have still have appetite to lend. In US now even the price drop by 50℅, banks refuse to lend.

4. We now have an influx of expats from middle east to increase our expat tenant n buyer pool.

5. Min 70℅ of all future launch will be high end props and it will only make mid-end properties more desirable due to decrease in supply.

Just remember to buy below market, and pick the RIGHT location. Myself last week just sealed another acquisition and looking to close another next week, hopefully

Caveat : if u have tones of cash and can afford a property without financing help, then u should wait until mid-2009 then only buy.