I now focus on Singapore property, else the topic will be "never-ending"...

But to just "briefly" answer your question, southern part of Malaysia property were "cooked" by Singaporean, there is one condo near the city square JB, condos are selling at RM 900K... the buyers are mostly Singaporean, even the Tuas second link further up the JB area, those landed housing, are priced about RM 500K.. which attracts many Singaporean... You may want to check on Malaysia second Home policy...

My understanding of Malaysia hot property market is over, orchard area = KLCC area, the condo price is already rocket high at RM 4 millions easily... even the Mont Kiara condo, but what I heard last 2 weeks, the first phase of Mount kiara condo is 40% vacant, no takers for tenancy... you can see how bad for the subsequent condo leasing at Mont Kiara... there was a period that market is turning to Penang state area whereby governement is considering to turn Penang into a commercial hub like suntec city in Singapore..

Probably people has much better experience and views on other countries, like Japan, Tokyo, I remembered clearly that when SGD 1 = JPY 79++, there were singapore company buying japanese office building at dirt cheap price due to the currency exchange rate.... Not to mention, we all miss another 20% paper profit at Australia property... There are tens of thousands of Singaporean sent their kids to further studies in Australia, we all know there is a time when SGD 1 = AUS 1.06++ , I am sure there are rich Singaporean started to pump money into Australia property , that is instant 23% discount in just exchange rates ! But again, if they purchased some property before November 2008, they also experienced property "huge paper depreciation"... even though now it is rebouding ....

so much for other countries property... shall we back to Singapore? it is more interesting and easy to monitor while you exposed to Singapore news everyday..

HDB 4 rooms flat is always the most sought after flat type in Singapore, of course, if you are comfortable with your stable income, it is about the right time to upgrade to 5 rooms or Exe flat, why? their valuation should drop now with no cash over valuation...

As for me, I just sold my 5 rooms flat and will soon downgrade to 4 rooms flat, I have my own reasons, firstly, I sold my flat at record price at Jurong East in May, (you will see the transaction price at HDB website in the month of August, because HDB updates the transaction price 3 months later), all the transaction price you see now at HDB website are the sales of last 3 months -> http://services2.hdb.gov.sg/webapp/BB33RTIS/BB33PReslTrans.jsp    and I subsequently bought a 4 rooms flat which is $5K below valuation ! stealing price, just opposite my current block, ha ... just because me and my wife love the estate here..

If you are interested to upgrade, I am happy to provide my professional advice and perhaps to land you a dream home, drop me a message, and we should start from there... 

The general guide line banker will use is... , your monthly payment of your loan amount should not greater than 40% of your monthly income.

If you earn $5K per month, your housing loan monthly payment should not exceed $2K .. of course if your wife earns another $5K, then, your max loan amount up to $4K.. that's the general guideline..

The best deal of the week is fix-rate for 3 years with 1.99% interest with no lock-in period.. with the condition minimum loan amount is $300K.