Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
The Composite Sentiment Index integrates the present and potential indices to derive an indication of total market sentiment. Resi scores range from 0 to 10, reflecting the level of distrust and optimism of the questionnaire respondents.
View in the Singapore property market is expanding aware amid unraveling global 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), displayed that the Composite Sentiment Index declined to 5.8 in 4Q2025, from 6.1 in the recent quarter.
Threat of a downturn or decline in the global economic situation was top of head for property developers, with 71% of the Resi survey respondents showing this as a primary concern for the next 6 months. In addition, 53% of participants are worried about prospective career losses and a downtrend in the local economy over the exact same period, whilst 47% are worried about climbing construction costs.
The dip in the Composite Sentiment Index appears amid splitting current and potential sentiments amongst industry players. The Current Sentiment Index remained unchanged at 6.1 in 4Q2025, showing confidence across both the sell and take parts of the industry, stated NUS in a March 10 release.
Overall, the market shows a much more solidified view, as participants support for possible threats. “On the whole, questionnaire final results suggest of an industry that is still healthy and balanced yet is proactively readying for a potential hard landing,” Qian statements.
The Resi, which is published every quarter, surveys leading execs in property firms to give an alternate procedure of private real estate sector performance. It consists of a Present Sentiment Index that monitor changes in view within the previous six months, while a Future Sentiment Index traced changes in view by the following 6 months.
“Being a heavily export-oriented nation, Singapore is especially susceptible to global shifts in trade and states policies, so whereas our domestic basics continue to be sound, the study mirrors a certain awareness of caution regarding the exterior environment,” says Qian Wenlan, administrator of the NUS Ireus.
In light of the outside risks, even more industry players may be prompted to veer away from hostile development techniques in favour of even more risk-averse methods, or more steady means of increasing capital, she claims.
Nonetheless, the Future Sentiment Index declined, going from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS presumes that the “significant decline” stems from uncertainties emerging from geopolitical stress worldwide.
Additionally, among property developers evaluated, 50% anticipate unit rates of new launches over the following six months to become “reasonably higher”, while the remaining 50% assume rates to stay consistent with the very last quarter.
