Can a condominium really worth RM900,000?

A recently advertised condominium was for sale at a tag price of RM900,000. Wow, no matter from which angle you look at, you should be wondering how can a non landed property unit be so expensive? And it is located in Malaysia (somewhere around Brickfields, Kuala Lumpur). Not some fancy unit in Singapore, Hong Kong, London, Paris or New York.

Those from the property investment world would quick to make a point that our property cycle might be heading south soon (property bubble is a more common term, i guess). Really hope it will not be the case since our economy is just about to recover from the effect of the previous financial meltdown or US subprime crisis.

Watch out folks! This condominium unit can be sold for as high as RM900,000 for 1,468 sq. ft.