Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
Sentiment in the Singapore real estate market is expanding mindful amid spreading worldwide unpredictabilities. 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 decreased to 5.8 in 4Q2025, from 6.1 in the recent quarter.
Furthermore, among developers surveyed, 50% anticipate unit prices of new launches over the following 6 months to be “reasonably greater”, while the remaining 50% expect rates to stay regular with the very last quarter.
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Overall, the market indicates a more solidified sentiment, as participants brace for probable risks. “On the whole, study final results paint a picture of a sector that is still healthy and balanced yet is proactively preparing for a potential hard landing,” Qian comments.
In light of the outside problems, even more industry players may be motivated to pivot away from hostile growth approaches in favour of more risk-averse methods, or much more steady means of elevating capital, she says.
Nonetheless, the Future Sentiment Index decreased, starting from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS presumes that the “remarkable decrease” comes from unpredictabilities developing from geopolitical strains worldwide.
The Composite Sentiment Index integrates the current and potential indices to obtain an indicator of overall market sentiment. Resi marks range from 0 to 10, reflecting the level of pessimism and positive outlook of the survey respondents.
Threat of a stagnation or decline in the global economy was top of thoughts for developers, with 71% of the Resi poll participants showing this as a primary concern for the following six months. In addition, 53% of participants are concerned concerning prospective employment reductions and a downtrend in the domestic economy over the same duration, while 47% are worried about rising construction costs.
“Being a greatly export-oriented nation, Singapore is especially vulnerable to global changes in trade and politics, so whereas our local fundamentals continue to be sound, the study reflects a clear awareness of care concerning the exterior environment,” mentions Qian Wenlan, director of the NUS Ireus.
The Resi, which is published every three months, surveys leading administrators in realty firms to supply an alternate action of private real estate sector performance. It consists of a Present Sentiment Index that record modifications in belief within the previous six months, while a Future Sentiment Index traced modifications in view by the following six months.
The dip in the Composite Sentiment Index appears amid deviating existing and potential beliefs among industry players. The Current Sentiment Index remained unmodified at 6.1 in 4Q2025, reflecting confidence across both the sell and obtain aspects of the market, said NUS in a March 10 release.
