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 indicator of general market belief. Resi rates stretch from 0 to 10, reflecting the degree of pessimism and optimism of the study participants.
“Being a greatly export-oriented state, Singapore is specifically vulnerable to worldwide moves in trade and states policies, so whereas our domestic principles continue to be stable, the study shows a clear sense of caution regarding the exterior environment,” says Qian Wenlan, executive of the NUS Ireus.
Danger of a stagnation or decline in the international economic climate was top of mind for real estate investors, with 71% of the Resi survey participants indicating this as a main concern for the following six months. In addition, 53% of participants are concerned regarding prospective employment declines and a decrease in the local economy over the very same duration, whilst 47% are concerned about increasing construction prices.
The Resi, which is published every quarter, surveys top administrators in realty companies to give an alternative procedure of exclusive realty sector performance. It makes up a Present View Index that monitor modifications in sentiment within the previous six months, whilst a Future Sentiment Index monitor changes in view over the next 6 months.
Nevertheless, the Future Sentiment Index decreased, going from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS posits that the “notable decline” originates from uncertainties developing from geopolitical stress worldwide.
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In light of the external problems, even more market players may be motivated to pivot away from hostile development methods in favour of even more risk-averse methods, or a lot more conservative means of elevating capital, she says.
Sentiment in the Singapore real property industry is expanding mindful amidst spreading global worries. The 4Q2025 Real Estate Sentiment Index (Resi), released by the National University of Singapore’s (NUS) Department of Real Estate and Institute of Real Estate and Urban Studies (Ireus), showed that the Composite Sentiment Index declined to 5.8 in 4Q2025, from 6.1 in the previous quarter.
On the whole, the market shows a much more tempered view, as participants support for probable dangers. “Overall, study results paint a picture of a sector that is still healthy and balanced but is proactively readying for a potential tough landing,” Qian comments.
In addition, amongst property developers studied, 50% anticipate unit rates of brand-new release over the following 6 months to be “moderately greater”, whilst the remaining 50% anticipate rates to stay regular with the last quarter.
The dip in the Composite Sentiment Index comes amid deviating present and potential beliefs amongst 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.
