Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
Sentiment in the Singapore real property market is developing mindful amid spreading global 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), revealed that the Composite View Index declined to 5.8 in 4Q2025, from 6.1 in the previous quarter.
Risk of a stagnation or decline in the worldwide economic climate was top of head for real estate investors, with 71% of the Resi survey participants suggesting this as a primary issue for the next 6 months. Furthermore, 53% of participants are worried about prospective job reductions and a decrease in the domestic economy over the very same period, whilst 47% are concerned about increasing construction prices.
Taking into account the external problems, more market players may be prompted to veer away from hostile development approaches in favour of more risk-averse approaches, or more conventional means of raising funding, she says.
Sora Condo Ching Eng Seng, Singhaiyi Group, KSH Holdings
Generally, the industry suggests a much more solidified view, as participants brace for potential threats. “On the whole, survey outcomes suggest of a market that is still healthy and balanced however is proactively readying for a potential difficult landing,” Qian statements.
The dip in the Composite Sentiment Index appears amid diverging existing and future beliefs among market players. The Current Sentiment Index remained unmodified at 6.1 in 4Q2025, mirroring confidence throughout both the sell and obtain sides of the industry, said NUS in a March 10 launch.
The Composite Sentiment Index combines the current and future indices to derive an indicator of total market view. Resi marks stretch from 0 to 10, reflecting the degree of pessimism and optimism of the study respondents.
The Resi, that is posted quarterly, surveys leading officers in property business to supply an alternative step of private property sector performance. It consists of a Present Position Index that monitor changes in view within the previous six months, whilst a Future Sentiment Index traced adjustments in view over the following six months.
However, the Future Sentiment Index decreased, going from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS presumes that the “remarkable decrease” comes from uncertainties occurring from geopolitical stress worldwide.
“Being a heavily export-oriented nation, Singapore is especially vulnerable to global turns in trade and states policies, so while our domestic basics stay stable, the study shows a certain sense of caution concerning the exterior setting,” mentions Qian Wenlan, executive of the NUS Ireus.
Additionally, among developers checked, 50% anticipate unit rates of new release over the following six months to become “moderately greater”, while the remaining 50% expect prices to remain regular with the very last quarter.
