Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
The Resi, which is posted every quarter, surveys leading administrators in property firms to supply an alternate step of private realty market efficiency. It makes up a Current Position Index that record adjustments in sentiment within the previous six months, whilst a Future Sentiment Index keep track of modifications in sentiment over the next 6 months.
Overall, the market suggests a more tempered sentiment, as participants support for potential dangers. “On the whole, survey final results paint a picture of an industry that is still healthy and balanced yet is proactively preparing for a potential hard landing,” Qian statements.
View in the Singapore real estate market is developing aware in the middle of unfolding worldwide unpredictabilities. 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 receded to 5.8 in 4Q2025, from 6.1 in the last quarter.
Risk of a stagnation or decline in the global economic climate was top of thoughts for developers, with 71% of the Resi study respondents showing this as a primary issue for the following six months. Furthermore, 53% of participants are concerned concerning prospective job declines and a decrease in the local economy over the same duration, whilst 47% are concerned about increasing construction prices.
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In light of the outside chances, even more sector players may be prompted to veer far from hostile growth approaches in favour of even more risk-averse approaches, or much more conservative means of raising resources, she states.
Nevertheless, the Future Sentiment Index decreased, starting from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS assumes that the “notable decline” comes from uncertainties developing from geopolitical strains worldwide.
In addition, among property developers evaluated, 50% expect unit costs of brand-new release over the following six months to become “reasonably greater”, while the remaining 50% expect costs to continue to be constant with the previous quarter.
The Composite Sentiment Index combines the current and future marks to obtain an indication of overall market belief. Resi scores range from 0 to 10, mirroring the degree of pessimism and optimism of the poll respondents.
The dip in the Composite Sentiment Index happens amid splitting current and future views among industry players. The Current Sentiment Index remained unmodified at 6.1 in 4Q2025, reflecting trust around both the sell and take sides of the industry, claimed NUS in a March 10 release.
“Being a heavily export-oriented nation, Singapore is specifically at risk to worldwide changes in trade and politics, so while our domestic basics continue to be good, the study shows a certain sense of care concerning the exterior environment,” mentions Qian Wenlan, administrator of the NUS Ireus.
