Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
The Composite Sentiment Index combines the current and potential marks to derive an indicator of total market belief. Resi marks range from 0 to 10, showing the level of distrust and optimism of the study respondents.
On the whole, the industry suggests a more tempered view, as participants support for possible threats. “On the whole, questionnaire results paint a picture of a market that is still healthy yet is proactively readying for a possible hard landing,” Qian comments.
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“Being a heavily export-oriented country, Singapore is specifically vulnerable to global changes in trade and politics, so whereas our local fundamentals stay safe, the survey shows a certain sense of caution regarding the exterior atmosphere,” says Qian Wenlan, administrator of the NUS Ireus.
The dip in the Composite Sentiment Index comes amid deviating present and potential beliefs among industry players. The Current Sentiment Index remained unmodified at 6.1 in 4Q2025, mirroring confidence across both the sell and obtain aspects of the market, claimed NUS in a March 10 launch.
Sentiment in the Singapore real property market is expanding cautious amid unraveling worldwide unpredictabilities. 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.
Furthermore, among property developers surveyed, 50% expect unit rates of new release over the following 6 months to be “moderately greater”, while the remaining 50% assume rates to stay consistent with the very last quarter.
The Resi, that is published quarterly, surveys senior executives in realty business to offer a different procedure of private real estate sector efficiency. It consists of a Present View Index that monitor changes in belief within the past 6 months, whilst a Future Sentiment Index tracks changes in sentiment by the following six months.
Risk of a slowdown or decline in the international economic climate was top of head for property developers, with 71% of the Resi survey participants suggesting this as a primary issue for the following 6 months. Additionally, 53% of participants are bothered regarding prospective career losses and a downtrend in the domestic economy over the exact same period, while 47% are concerned about climbing construction costs.
Nevertheless, the Future Sentiment Index declined, going from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS posits that the “noteworthy decline” stems from uncertainties occurring from geopolitical strains worldwide.
Taking into account the outside risks, more market players might be prompted to veer away from aggressive development strategies in favour of even more risk-averse strategies, or more conventional ways of elevating capital, she claims.
