Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
The Resi, that is published every three months, surveys senior administrators in property business to provide an alternate procedure of private property sector performance. It makes up a Current Sentiment Index that record changes in belief within the past six months, while a Future Sentiment Index traced modifications in sentiment by the next six months.
In light of the external risks, even more sector players may be triggered to pivot far from hostile growth strategies in favour of even more risk-averse approaches, or much more steady ways of increasing funding, she says.
Furthermore, among developers studied, 50% expect unit prices of new release over the next 6 months to become “reasonably greater”, whilst the remaining 50% assume costs to remain regular with the very last quarter.
“Being a heavily export-oriented nation, Singapore is especially susceptible to worldwide changes in trade and politics, so whereas our domestic basics continue to be sound, the study shows a certain sense of caution concerning the outside setting,” says Qian Wenlan, executive of the NUS Ireus.
The dip in the Composite Sentiment Index comes amidst diverging current and future beliefs among industry participants. The Current Sentiment Index continued unchanged at 6.1 in 4Q2025, reflecting confidence across both the sell and buy sides of the industry, claimed NUS in a March 10 release.
Nonetheless, the Future Sentiment Index declined, starting from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS presumes that the “significant decrease” stems from unpredictabilities arising from geopolitical stress worldwide.
Risk of a downturn or downtrend in the global economic situation was top of thoughts for property developers, with 71% of the Resi survey respondents showing this as a primary issue for the next 6 months. In addition, 53% of respondents are bothered concerning possible job reductions and a decline in the local economy over the very same period, while 47% are worried about rising construction expenses.
Sentiment in the Singapore property market is developing cautious in the middle of unfolding global 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), revealed that the Composite Sentiment Index dropped to 5.8 in 4Q2025, from 6.1 in the past quarter.
In general, the market suggests a much more toughened up sentiment, as participants support for possible dangers. “Overall, study results suggest of an industry that is still healthy but is proactively readying for a potential tough landing,” Qian remarks.
The Composite Sentiment Index incorporates the current and future indices to acquire an indication of overall market belief. Resi rates vary from 0 to 10, reflecting the extent of distrust and confidence of the questionnaire participants.
