Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
The Composite Sentiment Index incorporates the present and near future indices to obtain an indication of overall market belief. Resi rates range from 0 to 10, reflecting the extent of distrust and confidence of the survey participants.
In light of the outside risks, even more market players may be motivated to pivot away from aggressive growth techniques in favour of even more risk-averse methods, or more conventional methods of elevating resources, she says.
Nonetheless, the Future Sentiment Index declined, starting from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS posits that the “notable decrease” stems from uncertainties arising from geopolitical strains worldwide.
“Being a greatly export-oriented nation, Singapore is particularly at risk to international changes in trade and politics, so while our local principles remain safe, the survey mirrors a certain awareness of care concerning the outside environment,” says Qian Wenlan, executive of the NUS Ireus.
The Resi, which is published every quarter, surveys senior execs in realty companies to give an alternate action of exclusive realty market performance. It comprises a Present View Index that record modifications in view over the past 6 months, whilst a Future Sentiment Index keep track of changes in sentiment over the following six months.
Overall, the market indicates a much more toughened up view, as participants brace for potential threats. “On the whole, study results suggest of a market that is still healthy however is proactively readying for a potential hard landing,” Qian statements.
In addition, amongst developers studied, 50% foresee unit costs of brand-new release over the following 6 months to be “reasonably greater”, while the remaining 50% expect costs to stay constant with the very last quarter.
The dip in the Composite Sentiment Index comes amid splitting current and future beliefs among industry participants. The Current Sentiment Index remained unchanged at 6.1 in 4Q2025, mirroring assurance throughout both the sell and take aspects of the industry, said NUS in a March 10 launch.
View in the Singapore real estate industry is expanding mindful amid spreading international worries. The 4Q2025 Real Estate Sentiment Index (Resi), presented by the National University of Singapore’s (NUS) Department of Real Estate and Institute of Real Estate and Urban Studies (Ireus), displayed that the Composite Sentiment Index dropped to 5.8 in 4Q2025, from 6.1 in the recent quarter.
Danger of a stagnation or decline in the worldwide economic climate was top of mind for property developers, with 71% of the Resi survey participants suggesting this as a primary worry for the following 6 months. Additionally, 53% of respondents are concerned about potential employment losses and a decline in the local economy over the very same duration, while 47% are concerned about increasing construction expenses.
