I dont think personally the prices will go down due to the cost of raw materials...no doubt the demand will subside considerably and the supply is higher than the demand but the developers wouldnt want to incur losses of newly developed properties...

what they may do is supply new apartments/condos/houses with "additional furnitures/airconds/cabinets" at "no extra cost..."

or if they lots of money, they may just hold on to it til the market gets better....(which is unlikely)

We are actually in recession, just that the govt does not publish it does not mean we are not in recession. Just look at the loan defaults and property auction we have everyday. All of them are selling below market rate. Very soon (I expect next year) even non-auction properties also have to follow suit to lower down their prices or face zero sales with the current oversupply especially for high end, though they may come up with other incentives instead of directly lowering price (that affects the value), eg. free aircond, furniture, legal fees, holiday, car etc etc

Next year we are in danger of facing worldwide deflation ie. instead of prices going up, prices are going down. This is already happening in a few countries.

This post has been edited by DannyOP: Dec 9 2008, 01:15 PM

Up or down not a problem, Question is weather the people can afford or not ?
Our currency is getting weaker & weaker.
Many foreign people with strong currency will invest. It's like buying peanuts to them.
Buying the right location always secure the value - That's is what Investment means.
Look at Singapore / Hong Kong or Japan for example.
Soon Malaysia will be like that, when every thing like food & daily expenses rises up & money value is so small.
BigMac will be RM20, a LH condo 1000 sq will be RM300k. You decide then.

stupid malaysia government, should publish the actual # so we can prepare for the worst!