Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
The Resi, that is posted quarterly, surveys senior execs in real estate firms to supply an alternate measure of private realty sector performance. It makes up a Current Position Index that record modifications in sentiment over the past six months, while a Future Sentiment Index monitor adjustments in view by the next 6 months.
Additionally, amongst developers studied, 50% expect unit costs of brand-new launches over the next six months to be “reasonably greater”, while the remaining 50% anticipate rates to continue to be regular with the last quarter.
The Composite Sentiment Index incorporates the present and potential marks to obtain an indication of total market sentiment. Resi rates range from 0 to 10, mirroring the degree of distrust and optimism of the questionnaire participants.
The dip in the Composite Sentiment Index comes amid splitting present and potential sentiments among market players. The Current Sentiment Index remained unmodified at 6.1 in 4Q2025, reflecting trust across both the sell and take parts of the industry, stated NUS in a March 10 release.
However, the Future Sentiment Index declined, starting from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS presumes that the “remarkable decline” stems from unpredictabilities developing from geopolitical stress worldwide.
Risk of a slowdown or decrease in the global economic climate was top of thoughts for developers, with 71% of the Resi poll participants indicating this as a primary worry for the following 6 months. Furthermore, 53% of participants are bothered regarding potential employment losses and a decrease in the local economy over the exact same period, whilst 47% are worried about rising construction costs.
Sentiment in the Singapore property market is growing mindful in the middle of spreading worldwide 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), revealed that the Composite Sentiment Index receded to 5.8 in 4Q2025, from 6.1 in the previous quarter.
In general, the industry suggests a much more solidified view, as participants support for possible dangers. “Overall, study final results suggest of a sector that is still healthy but is proactively preparing for a potential tough landing,” Qian comments.
“Being a greatly export-oriented country, Singapore is especially at risk to global shifts in trade and politics, so whereas our local principles remain safe, the survey mirrors a clear sense of care concerning the outside setting,” mentions Qian Wenlan, director of the NUS Ireus.
Taking into account the outside risks, more industry players may be motivated to pivot far from aggressive growth strategies in favour of more risk-averse methods, or much more conventional methods of raising resources, she claims.
