In 2009, prices moved up despite a recession. One reason we now know is that the M;sians were migrating here after the 2008 election results.
In that election the ruling BN lost its two-thirds majority and the MCA (the main Chinese party in the BN) lost badly in the seats it contested. There was concern abt the political situation (in particular about racial riots breaking out). So the Chinese left for S’pore.
Well the M’sian PM has just told the Chinese that they had better support the MCA. Otherwise that party would not be able to represent Chinese interests within the BN.
Expect more Chinese to migrate here. And expect property prices to remain strong.
[...] Housing – Thoughts of a Cynical Investor: Property prices [...]