Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
Taking into account the external chances, even more industry players may be triggered to turn away from aggressive growth methods in favour of more risk-averse strategies, or more steady methods of elevating capital, she states.
Nevertheless, the Future Sentiment Index decreased, starting from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS assumes that the “remarkable decrease” comes from skepticisms developing from geopolitical tensions worldwide.
The Composite Sentiment Index incorporates the current and future indices to derive an indication of general market sentiment. Resi marks vary from 0 to 10, showing the degree of distrust and confidence of the survey respondents.
In addition, amongst property developers surveyed, 50% expect unit costs of brand-new launches over the next six months to be “moderately higher”, while the remaining 50% assume costs to remain consistent with the last quarter.
Sentiment in the Singapore real property industry is developing cautious in the middle of unraveling international uncertainties. The 4Q2025 Real Estate Sentiment Index (Resi), presented 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 View Index receded to 5.8 in 4Q2025, from 6.1 in the last quarter.
“Being a heavily export-oriented nation, Singapore is specifically vulnerable to worldwide moves in trade and states policies, so whereas our domestic fundamentals stay safe, the survey shows a certain sense of caution regarding the external setting,” says Qian Wenlan, director of the NUS Ireus.
The dip in the Composite Sentiment Index comes amidst diverging present and potential beliefs among market participants. The Current Sentiment Index remained the same at 6.1 in 4Q2025, reflecting confidence throughout both the sell and take aspects of the market, stated NUS in a March 10 release.
Danger of a downturn or downtrend in the global economy was top of mind for developers, with 71% of the Resi poll participants suggesting this as a main worry for the next six months. Furthermore, 53% of respondents are bothered regarding possible career reductions and a decrease in the domestic economy over the same period, while 47% are concerned about rising construction costs.
Generally, the industry shows a more solidified sentiment, as participants brace for possible threats. “Overall, survey final results suggest of a sector that is still healthy but is proactively preparing for a potential tough landing,” Qian comments.
The Resi, that is published every three months, surveys senior officers in realty firms to supply an alternate procedure of private property sector efficiency. It makes up a Current Position Index that monitor modifications in view within the previous 6 months, while a Future Sentiment Index tracks modifications in sentiment over the next 6 months.
