Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
Sentiment in the Singapore real estate market is developing mindful amidst unfolding worldwide worries. 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 View Index receded to 5.8 in 4Q2025, from 6.1 in the last quarter.
The dip in the Composite Sentiment Index happens in the middle of splitting current and future views among market participants. The Current Sentiment Index continued unchanged at 6.1 in 4Q2025, showing assurance around both the sell and take aspects of the market, claimed NUS in a March 10 launch.
The Resi, which is posted quarterly, surveys leading executives in property business to offer an alternative procedure of exclusive property market efficiency. It consists of a Current View Index that record adjustments in belief within the past 6 months, whilst a Future Sentiment Index tracks changes in sentiment by the next six months.
Generally, the market indicates a much more tempered view, as participants support for possible risks. “Overall, study results suggest of an industry that is still healthy and balanced but is proactively readying for a potential tough landing,” Qian remarks.
Taking into account the outside problems, more sector players might be triggered to turn far from aggressive growth approaches in favour of more risk-averse methods, or much more conventional means of raising capital, she says.
“Being a greatly export-oriented state, Singapore is particularly at risk to global moves in trade and politics, so whereas our local basics remain good, the study reflects a clear awareness of caution concerning the external setting,” mentions Qian Wenlan, executive of the NUS Ireus.
Additionally, amongst property developers checked, 50% anticipate unit rates of brand-new launches over the next 6 months to become “reasonably higher”, while the remaining 50% assume costs to remain consistent with the very last quarter.
The Composite Sentiment Index combines the present and future indices to obtain an indication of overall market belief. Resi marks vary from 0 to 10, showing the level of distrust and optimism of the study participants.
Threat of a slowdown or decline in the global economy was top of mind for real estate investors, with 71% of the Resi study respondents indicating this as a key worry for the next six months. Additionally, 53% of participants are worried regarding possible employment reductions and a decline in the domestic economy over the very same period, while 47% are concerned about rising construction costs.
However, the Future Sentiment Index decreased, starting from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS assumes that the “remarkable decrease” comes from uncertainties occurring from geopolitical strains worldwide.
