Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
Threat of a slowdown or downtrend in the international economic situation was top of thoughts for property developers, with 71% of the Resi poll participants indicating this as a key worry for the following six months. Additionally, 53% of participants are bothered regarding potential employment declines and a decrease in the domestic economy over the same period, whilst 47% are worried about increasing construction costs.
The Composite Sentiment Index integrates the existing and potential marks to derive an indicator of general market belief. Resi rates stretch from 0 to 10, showing the level of pessimism and confidence of the study participants.
In light of the outside problems, more market players might be motivated to pivot far from aggressive growth techniques in favour of even more risk-averse strategies, or much more steady ways of increasing funding, she states.
The dip in the Composite Sentiment Index comes amid diverging current and future views among industry participants. The Current Sentiment Index remained unmodified at 6.1 in 4Q2025, mirroring assurance around both the sell and obtain aspects of the market, stated NUS in a March 10 launch.
View in the Singapore property market is growing mindful in the middle of unfolding 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 receded to 5.8 in 4Q2025, from 6.1 in the recent quarter.
In addition, among property developers checked, 50% expect unit rates of brand-new release over the next 6 months to become “reasonably greater”, whilst the remaining 50% assume rates to remain regular with the last quarter.
Nevertheless, the Future Sentiment Index decreased, going from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS posits that the “remarkable decline” stems from unpredictabilities emerging from geopolitical stress worldwide.
On the whole, the market indicates a much more solidified view, as participants support for probable threats. “Overall, survey results suggest of an industry that is still healthy and balanced but is proactively readying for a possible tough landing,” Qian remarks.
“Being a heavily export-oriented country, Singapore is especially vulnerable to worldwide turns in trade and politics, so whereas our local fundamentals remain stable, the survey reflects a certain sense of caution concerning the outside environment,” remarks Qian Wenlan, administrator of the NUS Ireus.
The Resi, that is posted every quarter, surveys leading administrators in property business to offer a different action of exclusive property market performance. It consists of a Current View Index that record modifications in belief within the past 6 months, while a Future Sentiment Index keep track of modifications in view over the following 6 months.
