Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
The Resi, that is published every quarter, surveys senior officers in realty firms to provide an alternate step of private realty market performance. It makes up a Current View Index that monitor adjustments in belief over the previous 6 months, whilst a Future Sentiment Index traced adjustments in sentiment over the following six months.
Furthermore, among developers surveyed, 50% foresee unit prices of brand-new launches over the next 6 months to become “reasonably higher”, while the remaining 50% expect prices to stay regular with the last quarter.
Nonetheless, the Future Sentiment Index decreased, going from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS presumes that the “remarkable decrease” originates from uncertainties emerging from geopolitical stress worldwide.
The dip in the Composite Sentiment Index comes in the middle of diverging present and potential views amongst industry participants. The Current Sentiment Index remained unmodified at 6.1 in 4Q2025, showing trust throughout both the sell and obtain parts of the industry, said NUS in a March 10 launch.
The Composite Sentiment Index combines the existing and potential marks to derive an indication of general market view. Resi rates range from 0 to 10, reflecting the extent of distrust and optimism of the questionnaire respondents.
In general, the market suggests a more tempered view, as participants support for probable dangers. “Overall, questionnaire outcomes paint a picture of a market that is still healthy however is proactively preparing for a potential difficult landing,” Qian statements.
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In light of the external problems, more sector players might be motivated to veer away from aggressive development techniques in favour of even more risk-averse strategies, or more steady methods of raising capital, she claims.
Sentiment in the Singapore real property market is growing cautious amid spreading worldwide uncertainties. The 4Q2025 Real Estate Sentiment Index (Resi), released by the National University of Singapore’s (NUS) Department of Real Estate and Institute of Real Estate and Urban Studies (Ireus), presented that the Composite Sentiment Index dropped to 5.8 in 4Q2025, from 6.1 in the last quarter.
“Being a greatly export-oriented state, Singapore is especially prone to international shifts in trade and politics, so whereas our local fundamentals stay safe, the study shows a clear awareness of care concerning the external environment,” remarks Qian Wenlan, director of the NUS Ireus.
Danger of a downturn or downtrend in the worldwide economy was top of thoughts for developers, with 71% of the Resi study respondents suggesting this as a main worry for the next six months. Additionally, 53% of respondents are worried about prospective employment declines and a decrease in the domestic economy over the exact same duration, whilst 47% are concerned about rising construction prices.
