Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
Risk of a slowdown or decrease in the global economy was top of head for property developers, with 71% of the Resi study respondents suggesting this as a main concern for the following six months. Additionally, 53% of respondents are bothered regarding potential employment declines and a decrease in the domestic economy over the same duration, whilst 47% are concerned about increasing construction costs.
Sentiment in the Singapore real property industry is expanding mindful amid unraveling worldwide 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 View Index declined to 5.8 in 4Q2025, from 6.1 in the previous quarter.
“Being a greatly export-oriented nation, Singapore is particularly prone to worldwide changes in trade and states policies, so whereas our local basics continue to be safe, the survey reflects a clear awareness of care concerning the external atmosphere,” mentions Qian Wenlan, director of the NUS Ireus.
The Resi, that is published quarterly, surveys top administrators in real estate business to supply a different measure of exclusive real estate market efficiency. It comprises a Current Sentiment Index that record modifications in view over the previous six months, while a Future Sentiment Index keep track of adjustments in view by the following six months.
Tengah Garden Residences floor plan
Taking into account the external problems, even more sector players might be triggered to turn away from aggressive growth strategies in favour of even more risk-averse approaches, or more conventional means of increasing capital, she states.
The dip in the Composite Sentiment Index comes amidst splitting present and future beliefs among market players. The Current Sentiment Index remained unchanged at 6.1 in 4Q2025, showing trust around both the sell and take parts of the industry, claimed NUS in a March 10 release.
Nonetheless, the Future Sentiment Index decreased, going from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS presumes that the “notable decrease” stems from uncertainties developing from geopolitical strains worldwide.
Furthermore, among developers evaluated, 50% anticipate unit rates of brand-new release over the next 6 months to become “reasonably higher”, whilst the remaining 50% expect costs to stay consistent with the very last quarter.
On the whole, the market shows a much more solidified sentiment, as participants support for possible risks. “On the whole, survey results suggest of a sector that is still healthy and balanced however is proactively preparing for a possible hard landing,” Qian statements.
The Composite Sentiment Index combines the current and near future marks to acquire an indication of overall market view. Resi rates vary from 0 to 10, mirroring the extent of pessimism and confidence of the survey respondents.
