Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
The Resi, that is published quarterly, surveys senior execs in realty companies to provide an alternative measure of exclusive property sector efficiency. It makes up a Present View Index that tracks modifications in belief over the past 6 months, whilst a Future Sentiment Index keep track of modifications in sentiment over the following six months.
The Composite Sentiment Index combines the current and future indices to obtain an indicator of general market view. Resi scores stretch from 0 to 10, showing the level of pessimism and confidence of the survey participants.
Risk of a slowdown or decrease in the global economic climate was top of thoughts for developers, with 71% of the Resi survey respondents showing this as a primary worry for the following six months. In addition, 53% of participants are worried concerning prospective career declines and a decline in the local economy over the exact same duration, whilst 47% are concerned about rising construction expenses.
View in the Singapore real property industry is increasing cautious in the middle of unraveling 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 View Index dropped to 5.8 in 4Q2025, from 6.1 in the past quarter.
The dip in the Composite Sentiment Index appears in the middle of splitting existing and potential beliefs among industry players. The Current Sentiment Index stayed the same at 6.1 in 4Q2025, showing confidence across both the sell and obtain parts of the market, stated NUS in a March 10 release.
“Being a greatly export-oriented state, Singapore is especially susceptible to global changes in trade and states policies, so while our local principles continue to be safe, the survey shows a clear sense of care concerning the exterior atmosphere,” remarks Qian Wenlan, executive of the NUS Ireus.
Taking into account the outside chances, more industry players might be triggered to pivot away from hostile development methods in favour of even more risk-averse approaches, or extra conservative means of elevating capital, she claims.
On the whole, the market indicates a much more tempered view, as participants brace for probable risks. “Overall, questionnaire final results paint a picture of an industry that is still healthy however is proactively preparing for a potential tough landing,” Qian comments.
However, the Future Sentiment Index decreased, starting from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS presumes that the “notable decrease” stems from unpredictabilities occurring from geopolitical tensions worldwide.
Additionally, among property developers surveyed, 50% foresee unit costs of brand-new release over the next six months to be “reasonably higher”, while the remaining 50% expect rates to continue to be regular with the very last quarter.
