Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
Threat of a slowdown or decline in the global economic situation was top of thoughts for property developers, with 71% of the Resi survey respondents suggesting this as a key worry for the following six months. Additionally, 53% of participants are bothered concerning possible job declines and a downtrend in the local economy over the very same duration, whilst 47% are worried about climbing construction prices.
The Resi, that is posted every quarter, surveys leading officers in realty firms to supply an alternate step of private property market performance. It consists of an Existing View Index that record modifications in view within the previous 6 months, while a Future Sentiment Index monitor adjustments in view by the following six months.
The Composite Sentiment Index incorporates the present and near future indices to obtain an indication of general market belief. Resi marks range from 0 to 10, showing the extent of distrust and positive outlook of the questionnaire participants.
“Being a greatly export-oriented state, Singapore is particularly susceptible to global changes in trade and states policies, so whereas our domestic principles remain stable, the survey mirrors a certain awareness of caution concerning the external setting,” remarks Qian Wenlan, administrator of the NUS Ireus.
View in the Singapore real property industry is increasing aware amidst spreading international unpredictabilities. 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), revealed that the Composite View Index receded to 5.8 in 4Q2025, from 6.1 in the recent quarter.
On the whole, the market indicates a much more toughened up view, as participants brace for probable risks. “Overall, study results suggest of a market that is still healthy however is proactively preparing for a potential tough landing,” Qian remarks.
In light of the outside risks, more sector players may be prompted to veer away from aggressive development approaches in favour of more risk-averse methods, or extra steady ways of increasing resources, she says.
Additionally, among developers surveyed, 50% foresee unit rates of new launches over the following 6 months to become “reasonably higher”, while the remaining 50% expect rates to remain constant with the previous quarter.
The dip in the Composite Sentiment Index comes amidst diverging present and potential beliefs among market players. The Current Sentiment Index stayed unmodified at 6.1 in 4Q2025, showing assurance around both the sell and take aspects of the industry, claimed NUS in a March 10 launch.
Nonetheless, the Future Sentiment Index declined, going from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS assumes that the “noteworthy decrease” originates from unpredictabilities arising from geopolitical tensions worldwide.
