Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
In light of the external risks, more sector players might be motivated to veer far from aggressive growth approaches in favour of more risk-averse approaches, or extra conservative methods of increasing capital, she claims.
Threat of a downturn or decline in the global economic situation was top of mind for developers, with 71% of the Resi poll participants indicating this as a main worry for the following six months. In addition, 53% of respondents are concerned concerning potential employment reductions and a decline in the local economy over the same duration, while 47% are worried about rising construction costs.
The dip in the Composite Sentiment Index appears in the middle of deviating present and future beliefs among industry players. The Current Sentiment Index remained unchanged at 6.1 in 4Q2025, showing trust throughout both the sell and buy aspects of the market, stated NUS in a March 10 launch.
The Composite Sentiment Index incorporates the existing and potential indices to derive an indication of general market belief. Resi rates range from 0 to 10, reflecting the degree of pessimism and optimism of the poll participants.
Kassia Condo Tripartite Developers Pte Ltd
The Resi, that is posted every quarter, surveys senior executives in property business to offer a different procedure of private realty market efficiency. It makes up a Present Position Index that monitor adjustments in view over the past 6 months, while a Future Sentiment Index keep track of adjustments in view over the next six months.
Generally, the market suggests a more solidified sentiment, as participants support for potential threats. “On the whole, survey outcomes paint a picture of an industry that is still healthy and balanced but is proactively readying for a potential hard landing,” Qian comments.
“Being a greatly export-oriented state, Singapore is particularly prone to international turns in trade and politics, so whereas our local principles continue to be good, the survey mirrors a certain awareness of care concerning the outside atmosphere,” says Qian Wenlan, director of the NUS Ireus.
In addition, amongst property developers checked, 50% anticipate unit prices of new launches over the next 6 months to be “reasonably higher”, whilst the remaining 50% expect rates to continue to be consistent with the very last quarter.
Nonetheless, the Future Sentiment Index declined, going from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS posits that the “notable decrease” originates from skepticisms developing from geopolitical strains worldwide.
View in the Singapore property market is growing cautious in the middle of 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), displayed that the Composite View Index receded to 5.8 in 4Q2025, from 6.1 in the last quarter.
