Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
The Resi, that is posted every three months, surveys leading officers in property business to supply an alternative action of exclusive property market efficiency. It makes up an Existing Position Index that tracks adjustments in belief over the past six months, whilst a Future Sentiment Index monitor modifications in sentiment over the following 6 months.
“Being a greatly export-oriented nation, Singapore is particularly at risk to worldwide shifts in trade and states policies, so whereas our domestic fundamentals remain stable, the study shows a certain sense of caution concerning the outside environment,” remarks Qian Wenlan, director of the NUS Ireus.
In addition, amongst property developers studied, 50% foresee unit costs of brand-new launches over the following six months to be “moderately higher”, while the remaining 50% anticipate rates to stay regular with the last quarter.
In general, the market indicates a much more solidified sentiment, as participants brace for probable dangers. “On the whole, survey final results suggest of a market that is still healthy and balanced but is proactively readying for a possible hard landing,” Qian remarks.
Sentiment in the Singapore real estate industry is growing mindful in the middle of unraveling global uncertainties. 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 Sentiment Index dropped to 5.8 in 4Q2025, from 6.1 in the last quarter.
The Composite Sentiment Index incorporates the current and future marks to obtain an indicator of total market belief. Resi marks stretch from 0 to 10, reflecting the level of distrust and confidence of the poll respondents.
In light of the outside problems, even more sector players may be triggered to veer away from aggressive growth strategies in favour of more risk-averse approaches, or extra steady methods of raising capital, she claims.
The dip in the Composite Sentiment Index happens amidst diverging current and potential views amongst market players. The Current Sentiment Index continued the same at 6.1 in 4Q2025, showing trust across both the sell and buy parts of the industry, said NUS in a March 10 release.
Risk of a stagnation or decrease in the international economy was top of mind for real estate investors, with 71% of the Resi poll respondents suggesting this as a key concern for the next 6 months. In addition, 53% of participants are concerned regarding prospective employment losses and a decline in the domestic economy over the exact same duration, while 47% are concerned about increasing construction prices.
Nevertheless, the Future Sentiment Index declined, going from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS assumes that the “noteworthy decrease” stems from unpredictabilities arising from geopolitical tensions worldwide.
