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KOTA KINABALU: Homebuyers and investors are urged to purchase property now as rising fuel and construction costs are expected to push new development prices up by 15 to 30 per cent.

Shareda president Datuk Johnny Wong said global fuel hikes, driven by geopolitical tensions, have doubled diesel prices and increased material costs by up to 60 per cent, raising overall development costs by 20 to 30 per cent and squeezing developer margins.

He said existing properties remain relatively affordable, but future launches will be significantly more expensive.

Meanwhile, Shareda is promoting green-certified developments in Sabah through collaboration with Green+RE, aligning with sustainability goals and potential incentives such as green financing.