Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
Risk of a downturn or decrease in the global economic situation was top of thoughts for property developers, with 71% of the Resi survey respondents suggesting this as a primary issue for the following 6 months. Furthermore, 53% of participants are bothered regarding potential employment losses and a downtrend in the domestic economy over the very same duration, while 47% are concerned about increasing construction expenses.
Taking into account the external problems, more industry players may be motivated to veer far from aggressive growth techniques in favour of more risk-averse strategies, or a lot more conservative means of increasing capital, she states.
View in the Singapore real property market is developing aware in the middle of unfolding global worries. 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), displayed that the Composite Sentiment Index dropped to 5.8 in 4Q2025, from 6.1 in the recent quarter.
The Composite Sentiment Index combines the present and future marks to obtain an indication of general market view. Resi marks range from 0 to 10, mirroring the extent of distrust and optimism of the study participants.
The dip in the Composite Sentiment Index appears amid diverging current and future views amongst industry participants. The Current Sentiment Index remained the same at 6.1 in 4Q2025, reflecting trust across both the sell and take aspects of the market, stated NUS in a March 10 release.
The Resi, which is published every three months, surveys leading officers in property companies to offer a different step of private realty market performance. It comprises an Existing Sentiment Index that tracks changes in belief over the previous six months, while a Future Sentiment Index keep track of adjustments in sentiment by the next six months.
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“Being a heavily export-oriented state, Singapore is especially vulnerable to worldwide turns in trade and politics, so whereas our local fundamentals stay stable, the survey shows a certain awareness of care regarding the exterior environment,” remarks Qian Wenlan, administrator of the NUS Ireus.
Nevertheless, the Future Sentiment Index declined, starting from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS assumes that the “noteworthy decrease” comes from uncertainties arising from geopolitical strains worldwide.
Additionally, among developers surveyed, 50% foresee unit prices of brand-new release over the following six months to become “moderately higher”, while the remaining 50% assume rates to stay constant with the last quarter.
On the whole, the market indicates a much more solidified view, as participants brace for potential dangers. “On the whole, survey outcomes suggest of a sector that is still healthy and balanced however is proactively readying for a possible tough landing,” Qian remarks.
