Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
Danger of a downturn or downtrend in the global economic situation was top of head for real estate investors, with 71% of the Resi poll participants suggesting this as a key concern for the following six months. Furthermore, 53% of participants are concerned concerning prospective career losses and a decrease in the local economy over the very same duration, whilst 47% are worried about increasing construction expenses.
Nevertheless, the Future Sentiment Index decreased, starting from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS presumes that the “noteworthy decrease” comes from unpredictabilities occurring from geopolitical tensions worldwide.
In addition, among property developers studied, 50% anticipate unit costs of brand-new release over the following six months to become “moderately higher”, whilst the remaining 50% expect rates to remain consistent with the very last quarter.
The Resi, which is released every quarter, surveys top administrators in property firms to offer an alternate procedure of private realty sector efficiency. It comprises a Current Position Index that monitor changes in sentiment over the previous 6 months, while a Future Sentiment Index keep track of modifications in sentiment by the following 6 months.
In light of the outside problems, more sector players might be motivated to veer away from hostile growth strategies in favour of more risk-averse approaches, or much more steady ways of increasing capital, she says.
The Composite Sentiment Index combines the present and near future indices to derive an indicator of overall market sentiment. Resi marks stretch from 0 to 10, showing the degree of distrust and confidence of the survey respondents.
“Being a greatly export-oriented country, Singapore is particularly vulnerable to worldwide changes in trade and states policies, so while our domestic fundamentals continue to be good, the survey shows a clear awareness of care concerning the external environment,” mentions Qian Wenlan, director of the NUS Ireus.
The dip in the Composite Sentiment Index comes amid diverging present and potential beliefs amongst industry players. The Current Sentiment Index continued the same at 6.1 in 4Q2025, showing trust throughout both the sell and obtain parts of the industry, stated NUS in a March 10 release.
On the whole, the industry suggests a much more solidified sentiment, as participants support for potential threats. “On the whole, survey results suggest of a market that is still healthy yet is proactively preparing for a possible difficult landing,” Qian statements.
Sentiment in the Singapore real estate market is growing aware in the middle of spreading worldwide 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), revealed that the Composite Sentiment Index dropped to 5.8 in 4Q2025, from 6.1 in the previous quarter.
