Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
Risk of a downturn or decrease in the worldwide economic situation was top of thoughts for property developers, with 71% of the Resi study participants showing this as a main worry for the next six months. Additionally, 53% of respondents are worried regarding possible job declines and a decrease in the domestic economy over the same period, while 47% are concerned about increasing construction costs.
The Composite Sentiment Index integrates the present and potential marks to derive an indication of general market view. Resi scores range from 0 to 10, reflecting the extent of distrust and confidence of the questionnaire respondents.
On the whole, the industry suggests a more solidified view, as participants brace for potential dangers. “Overall, questionnaire results suggest of an industry that is still healthy however is proactively readying for a possible tough landing,” Qian statements.
Taking into account the outside chances, even more market players may be motivated to veer away from aggressive development strategies in favour of even more risk-averse methods, or extra conventional means of raising capital, she says.
The dip in the Composite Sentiment Index comes amid diverging current and future sentiments amongst market players. The Current Sentiment Index remained the same at 6.1 in 4Q2025, mirroring assurance around both the sell and buy sides of the market, claimed NUS in a March 10 release.
Furthermore, among property developers evaluated, 50% anticipate unit rates of new release over the next six months to be “moderately higher”, whilst the remaining 50% expect prices to remain constant with the last quarter.
Sentiment in the Singapore property market is expanding aware in the middle of 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), presented that the Composite Sentiment Index receded to 5.8 in 4Q2025, from 6.1 in the past quarter.
Nevertheless, the Future Sentiment Index decreased, going from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS posits that the “remarkable decrease” comes from skepticisms occurring from geopolitical stress worldwide.
The Resi, which is posted quarterly, surveys top execs in property companies to offer an alternate step of exclusive property market performance. It comprises an Existing Sentiment Index that monitor adjustments in view over the past six months, while a Future Sentiment Index tracks changes in sentiment by the following 6 months.
“Being a greatly export-oriented nation, Singapore is especially at risk to international turns in trade and states policies, so whereas our domestic principles stay safe, the study shows a clear awareness of care regarding the outside setting,” remarks Qian Wenlan, administrator of the NUS Ireus.
