that's right. During economic downturn u will see many companies closing down and might face with vacant units. If you notice the Star there are many commercial property on auction below the market price.. some original RM300k now going for RM100k.. so u can't be too general. If you bought it at RM300k.. now u'd be crying if u can't hold your property. However at RM100k u may consider buying if u can hold on till recovery.

This post has been edited by DannyOP: Dec 8 2008, 02:19 AM

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