Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
Sentiment in the Singapore real property market is developing aware amid unraveling worldwide uncertainties. 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), revealed that the Composite View Index declined to 5.8 in 4Q2025, from 6.1 in the last quarter.
The Resi, that is posted quarterly, surveys top executives in real estate companies to offer an alternate measure of exclusive property sector efficiency. It makes up a Current Position Index that record changes in view over the previous six months, while a Future Sentiment Index keep track of adjustments in view over the following six months.
In addition, among property developers evaluated, 50% expect unit prices of new release over the next six months to be “moderately greater”, while the remaining 50% assume rates to remain constant with the very last quarter.
The dip in the Composite Sentiment Index happens in the middle of diverging existing and future views among industry players. The Current Sentiment Index stayed the same at 6.1 in 4Q2025, reflecting trust throughout both the sell and buy parts of the market, stated NUS in a March 10 release.
In light of the external problems, even more market players might be motivated to turn away from hostile growth methods in favour of more risk-averse strategies, or extra conservative methods of raising capital, she says.
“Being a greatly export-oriented state, Singapore is particularly prone to worldwide turns in trade and states policies, so while our local fundamentals remain stable, the study reflects a clear sense of caution regarding the exterior atmosphere,” remarks Qian Wenlan, executive of the NUS Ireus.
The Composite Sentiment Index integrates the current and near future indices to obtain an indicator of total market belief. Resi rates stretch from 0 to 10, showing the degree of distrust and optimism of the questionnaire participants.
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Danger of a downturn or decrease in the global economic situation was top of mind for property developers, with 71% of the Resi survey participants indicating this as a primary worry for the next six months. In addition, 53% of participants are concerned concerning prospective employment reductions and a decline in the local economy over the same duration, whilst 47% are worried about rising construction expenses.
Overall, the industry suggests a much more toughened up sentiment, as participants support for possible risks. “Overall, questionnaire final results suggest of a sector that is still healthy and balanced however is proactively readying for a possible tough landing,” Qian remarks.
Nonetheless, the Future Sentiment Index decreased, starting from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS assumes that the “noteworthy decrease” comes from unpredictabilities developing from geopolitical strains worldwide.
