Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
The Composite Sentiment Index combines the present and future marks to acquire an indication of overall market sentiment. Resi marks range from 0 to 10, mirroring the degree of pessimism and positive outlook of the questionnaire participants.
“Being a heavily export-oriented nation, Singapore is particularly at risk to worldwide moves in trade and states policies, so while our domestic basics remain sound, the study mirrors a certain awareness of caution concerning the outside atmosphere,” mentions Qian Wenlan, director of the NUS Ireus.
In light of the outside problems, more sector players might be triggered to turn far from hostile growth approaches in favour of more risk-averse methods, or more conservative means of raising funding, she states.
Overall, the industry shows a much more tempered view, as participants support for possible threats. “Overall, study final results suggest of a market that is still healthy however is proactively readying for a potential difficult landing,” Qian statements.
The Resi, that is released every three months, surveys top execs in real estate business to give a different procedure of exclusive real estate sector efficiency. It makes up a Current View Index that tracks changes in sentiment within the past 6 months, whilst a Future Sentiment Index monitor changes in view over the next six months.
The dip in the Composite Sentiment Index happens in the middle of splitting existing and potential sentiments amongst market players. The Current Sentiment Index continued unmodified at 6.1 in 4Q2025, mirroring trust across both the sell and take parts of the market, stated NUS in a March 10 launch.
Risk of a downturn or decline in the international economic climate was top of thoughts for property developers, with 71% of the Resi study respondents showing this as a primary issue for the following six months. In addition, 53% of respondents are bothered about possible career losses and a decline in the local economy over the same duration, while 47% are worried about climbing construction costs.
Nevertheless, the Future Sentiment Index decreased, starting from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS posits that the “noteworthy decline” stems from unpredictabilities arising from geopolitical stress worldwide.
In addition, amongst property developers evaluated, 50% expect unit prices of brand-new release over the next 6 months to be “reasonably higher”, whilst the remaining 50% assume rates to stay regular with the very last quarter.
Sentiment in the Singapore real property industry is increasing cautious amid unfolding international unpredictabilities. 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 Sentiment Index receded to 5.8 in 4Q2025, from 6.1 in the last quarter.
