Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
The dip in the Composite Sentiment Index comes in the middle of deviating current and potential beliefs amongst industry players. The Current Sentiment Index remained unmodified at 6.1 in 4Q2025, reflecting assurance throughout both the sell and obtain parts of the industry, stated NUS in a March 10 release.
The Resi, which is released every three months, surveys senior executives in property companies to give a different action of private real estate market efficiency. It consists of an Existing Sentiment Index that record modifications in sentiment within the previous 6 months, whilst a Future Sentiment Index tracks adjustments in sentiment over the next 6 months.
Nonetheless, the Future Sentiment Index declined, starting from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS posits that the “notable decline” stems from unpredictabilities emerging from geopolitical strains worldwide.
View in the Singapore real property industry is developing mindful amidst unfolding 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), displayed that the Composite View Index decreased to 5.8 in 4Q2025, from 6.1 in the recent quarter.
The Composite Sentiment Index combines the existing and near future marks to acquire an indication of total market belief. Resi rates vary from 0 to 10, showing the level of distrust and optimism of the survey respondents.
Risk of a slowdown or decline in the worldwide economy was top of mind for property developers, with 71% of the Resi poll respondents indicating this as a primary concern for the following six months. In addition, 53% of respondents are bothered regarding possible employment declines and a decrease in the domestic economy over the very same period, whilst 47% are worried about rising construction costs.
On top of that, among developers studied, 50% expect unit costs of new launches over the following six months to be “reasonably greater”, whilst the remaining 50% anticipate costs to remain consistent with the previous quarter.
In light of the external chances, more industry players might be triggered to veer away from hostile development approaches in favour of more risk-averse strategies, or more steady means of raising resources, she states.
On the whole, the market suggests a much more tempered sentiment, as participants support for potential risks. “Overall, survey outcomes paint a picture of an industry that is still healthy yet is proactively preparing for a potential difficult landing,” Qian comments.
“Being a greatly export-oriented country, Singapore is especially at risk to international turns in trade and states policies, so while our domestic fundamentals continue to be stable, the study reflects a clear awareness of caution regarding the outside setting,” remarks Qian Wenlan, administrator of the NUS Ireus.
