Is high property prices good or bad?

High property prices is good for property owners. But it is bad for the future generation, as they have to pay more for their property.

A property bubble may burst and cause losses to many people who bought their property at the peak.

The best situation is a situation where the supply and demand for property is properly managed, so that the property prices will appreciate gradually with the economic growth, and excessive speculation is avoided.

I hope that the current enthusiasm in our property market do not get out of control.