Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
Risk of a slowdown or decrease in the global economic climate was top of mind for developers, with 71% of the Resi poll respondents suggesting this as a main issue for the following six months. Additionally, 53% of participants are bothered regarding prospective career reductions and a downtrend in the local economy over the exact same period, while 47% are concerned about increasing construction costs.
The Composite Sentiment Index incorporates the current and future indices to derive an indicator of total market view. Resi marks range from 0 to 10, reflecting the extent of distrust and confidence of the poll respondents.
In general, the industry suggests a more toughened up view, as participants brace for probable risks. “On the whole, survey results suggest of a sector that is still healthy however is proactively readying for a possible hard landing,” Qian comments.
Norwood Grand City Development Limited
“Being a greatly export-oriented nation, Singapore is especially at risk to worldwide shifts in trade and politics, so while our domestic fundamentals continue to be good, the study shows a clear awareness of care concerning the exterior environment,” remarks Qian Wenlan, administrator of the NUS Ireus.
Nevertheless, the Future Sentiment Index declined, going from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS presumes that the “significant decline” stems from unpredictabilities developing from geopolitical stress worldwide.
In light of the external risks, more industry players might be triggered to veer away from aggressive development techniques in favour of even more risk-averse methods, or more steady means of raising resources, she says.
Additionally, among property developers checked, 50% expect unit costs of brand-new release over the following 6 months to become “reasonably higher”, whilst the remaining 50% anticipate prices to continue to be regular with the previous quarter.
The Resi, that is released every three months, surveys top execs in real estate companies to provide a different action of exclusive real estate market performance. It makes up a Present Sentiment Index that record modifications in view within the previous 6 months, while a Future Sentiment Index keep track of changes in sentiment over the next six months.
Sentiment in the Singapore property market is expanding cautious in the middle of unraveling global worries. The 4Q2025 Real Estate Sentiment Index (Resi), published by the National University of Singapore’s (NUS) Department of Real Estate and Institute of Real Estate and Urban Studies (Ireus), showed that the Composite Sentiment Index declined to 5.8 in 4Q2025, from 6.1 in the past quarter.
The dip in the Composite Sentiment Index appears amid splitting current and future sentiments amongst industry participants. The Current Sentiment Index continued unmodified at 6.1 in 4Q2025, mirroring trust throughout both the sell and take parts of the industry, said NUS in a March 10 release.
