14/06/2026
Why waiting to buy a house might cost you a lot more. ๐๐
If you are planning to buy a property soon and thinking, "Maybe I should wait for the price to drop," you need to look at what is happening in the news right now.
It is not just about the property market. It is about the actual cost of building a house.
Here is the reality:
Because of the ongoing war overseas and the recent changes to our local diesel prices, the cost of transport and logistics has gone up a lot.
Think about it logically, to build a 40-storey condo, developers need hundreds of heavy lorries to transport sand, steel, and cement every single day.
๐ Diesel is much more expensive now.
๐ข Shipping materials from overseas costs more.
๐งฑ The price of cement and concrete is already going up.
What does this mean for property buyers?
Because developers are paying much more to build today, any new projects launching late this year or in 2027 will have a higher starting price. They have no choice but to pass the extra costs to the buyer.
At the same time, we are seeing developers quietly take away those "Zero Downpayment" or big cash rebate packages because their profit margins are getting squeezed.
The smart move right now:
If you are looking to buy, the safest move is to find projects where the developers already locked in their building costs before this crazy price increase happened.
Let me know in the comments: Have you noticed the price of daily goods or renovation costs going up recently? ๐