Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
Sentiment in the Singapore real property market is developing aware amid unraveling 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), presented that the Composite Sentiment Index receded to 5.8 in 4Q2025, from 6.1 in the previous quarter.
Generally, the market suggests a more solidified view, as participants support for probable risks. “On the whole, survey final results suggest of a market that is still healthy and balanced but is proactively readying for a potential tough landing,” Qian statements.
Nevertheless, the Future Sentiment Index declined, going from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS posits that the “significant decline” comes from skepticisms occurring from geopolitical stress worldwide.
Risk of a stagnation or decrease in the international economic situation was top of head for property developers, with 71% of the Resi study respondents suggesting this as a key concern for the next six months. Furthermore, 53% of respondents are concerned concerning potential employment reductions and a downtrend in the domestic economy over the exact same period, while 47% are concerned about climbing construction costs.
The Resi, which is released every quarter, surveys leading executives in property companies to supply an alternative step of private realty sector efficiency. It makes up a Present Sentiment Index that tracks modifications in view within the previous six months, while a Future Sentiment Index keep track of modifications in sentiment over the following six months.
“Being a heavily export-oriented state, Singapore is especially vulnerable to global shifts in trade and states policies, so while our domestic basics remain good, the study reflects a clear sense of care regarding the exterior environment,” remarks Qian Wenlan, administrator of the NUS Ireus.
Furthermore, among property developers evaluated, 50% expect unit prices of brand-new release over the next 6 months to become “moderately higher”, while the remaining 50% anticipate costs to remain regular with the previous quarter.
The dip in the Composite Sentiment Index comes in the middle of diverging current and potential sentiments amongst market players. The Current Sentiment Index remained unmodified at 6.1 in 4Q2025, reflecting trust across both the sell and obtain sides of the industry, said NUS in a March 10 launch.
The Composite Sentiment Index integrates the current and future marks to acquire an indicator of overall market sentiment. Resi marks range from 0 to 10, showing the degree of pessimism and confidence of the survey participants.
Taking into account the outside risks, more sector players may be prompted to pivot far from hostile development strategies in favour of more risk-averse strategies, or a lot more steady ways of increasing capital, she says.
