A real estate bubble or property bubble (or housing bubble for residential markets) is a type of economic bubble that occurs periodically in local or global real estate markets. It is characterized by rapid increases in valuations of real property such as housing until they reach unsustainable levels relative to incomes and other economic elements, followed by a reduction in price levels. Source: Wikipedia
As we noticed, China property bubble, Hong Kong property bubble, Australian property bubble, and Singapore property bubble related news are reported frequently in all major newspapers.
Is there any property bubble in Malaysia too? Perhaps, I should ask, are you ready for the property bubble burst, if happen?