Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
In general, the industry suggests a much more toughened up sentiment, as participants brace for probable threats. “Overall, survey results suggest of a sector that is still healthy but is proactively readying for a possible hard landing,” Qian statements.
The Resi, that is released every quarter, surveys senior officers in property firms to provide an alternative procedure of private real estate sector efficiency. It consists of an Existing Position Index that record changes in belief within the previous 6 months, while a Future Sentiment Index monitor changes in view over the next six months.
Risk of a slowdown or downtrend in the worldwide economic climate was top of head for developers, with 71% of the Resi poll respondents suggesting this as a primary concern for the following 6 months. Additionally, 53% of respondents are worried concerning possible job declines and a downtrend in the domestic economy over the exact same duration, while 47% are worried about increasing construction expenses.
In light of the outside risks, more industry players might be prompted to turn far from aggressive development methods in favour of even more risk-averse methods, or extra steady means of elevating capital, she claims.
The Composite Sentiment Index integrates the present and future marks to derive an indicator of overall market view. Resi scores range from 0 to 10, mirroring the extent of distrust and optimism of the survey participants.
View in the Singapore property market is growing cautious amid unraveling international unpredictabilities. The 4Q2025 Real Estate Sentiment Index (Resi), published by the National University of Singapore’s (NUS) Department of Real Estate and Institute of Real Estate and Urban Studies (Ireus), presented that the Composite View Index receded to 5.8 in 4Q2025, from 6.1 in the previous quarter.
On top of that, among property developers evaluated, 50% foresee unit rates of brand-new launches over the next 6 months to be “reasonably higher”, while the remaining 50% expect rates to stay consistent with the very last quarter.
The dip in the Composite Sentiment Index happens in the middle of splitting present and potential views amongst industry participants. The Current Sentiment Index continued unchanged at 6.1 in 4Q2025, mirroring trust throughout both the sell and take parts of the market, stated NUS in a March 10 launch.
Nonetheless, the Future Sentiment Index declined, starting from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS assumes that the “noteworthy decline” stems from skepticisms occurring from geopolitical tensions worldwide.
“Being a heavily export-oriented country, Singapore is particularly vulnerable to worldwide changes in trade and politics, so whereas our local fundamentals remain sound, the study mirrors a certain sense of caution concerning the exterior setting,” mentions Qian Wenlan, administrator of the NUS Ireus.
