Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
The Resi, that is published every three months, surveys senior officers in property business to provide an alternate procedure of private property market efficiency. It comprises an Existing View Index that record modifications in belief within the previous 6 months, whilst a Future Sentiment Index keep track of changes in view by the next six months.
Sentiment in the Singapore real property industry is expanding aware amidst spreading international uncertainties. 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), presented that the Composite Sentiment Index decreased to 5.8 in 4Q2025, from 6.1 in the recent quarter.
Furthermore, amongst developers checked, 50% foresee unit rates of new launches over the next 6 months to become “reasonably higher”, whilst the remaining 50% anticipate prices to remain consistent with the last quarter.
In general, the market suggests a much more toughened up view, as participants brace for possible risks. “On the whole, survey final results suggest of a market that is still healthy but is proactively preparing for a potential tough landing,” Qian statements.
Nonetheless, the Future Sentiment Index decreased, starting from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS presumes that the “notable decrease” comes from uncertainties developing from geopolitical strains worldwide.
The dip in the Composite Sentiment Index appears amidst diverging current and future sentiments amongst industry participants. The Current Sentiment Index continued the same at 6.1 in 4Q2025, showing confidence throughout both the sell and take parts of the industry, said NUS in a March 10 release.
Taking into account the external risks, even more market players might be motivated to veer far from hostile development strategies in favour of more risk-averse strategies, or much more steady methods of increasing resources, she states.
Threat of a downturn or decline in the global economy was top of head for property developers, with 71% of the Resi study participants indicating this as a key worry for the following six months. Furthermore, 53% of respondents are worried about potential employment reductions and a decrease in the domestic economy over the very same period, while 47% are concerned about increasing construction prices.
“Being a heavily export-oriented nation, Singapore is especially vulnerable to global turns in trade and politics, so whereas our domestic principles stay good, the study shows a clear awareness of care concerning the external environment,” remarks Qian Wenlan, executive of the NUS Ireus.
The Composite Sentiment Index integrates the current and near future marks to acquire an indicator of general market belief. Resi marks stretch from 0 to 10, mirroring the degree of distrust and optimism of the survey participants.
