Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
View in the Singapore real estate industry is developing cautious amid unfolding worldwide worries. 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 dropped to 5.8 in 4Q2025, from 6.1 in the recent quarter.
The Resi, which is released every quarter, surveys top officers in property firms to give an alternate measure of exclusive real estate sector performance. It makes up a Current Position Index that tracks adjustments in view over the previous 6 months, whilst a Future Sentiment Index monitor changes in sentiment by the next six months.
“Being a heavily export-oriented nation, Singapore is especially susceptible to worldwide shifts in trade and states policies, so whereas our domestic basics continue to be good, the study shows a certain sense of care regarding the exterior atmosphere,” mentions Qian Wenlan, director of the NUS Ireus.
Taking into account the external problems, more industry players might be prompted to veer far from aggressive development strategies in favour of more risk-averse strategies, or extra conventional methods of increasing resources, she claims.
Risk of a downturn or downtrend in the global economic climate was top of mind for property developers, with 71% of the Resi study participants showing this as a key issue for the following six months. Furthermore, 53% of respondents are concerned regarding potential career losses and a downtrend in the local economy over the very same period, whilst 47% are worried about climbing construction expenses.
The dip in the Composite Sentiment Index comes amid deviating current and future sentiments among industry participants. The Current Sentiment Index stayed unmodified at 6.1 in 4Q2025, mirroring assurance throughout both the sell and buy sides of the industry, said NUS in a March 10 launch.
However, the Future Sentiment Index declined, going from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS posits that the “notable decrease” originates from skepticisms arising from geopolitical strains worldwide.
The Composite Sentiment Index incorporates the existing and near future marks to obtain an indication of total market view. Resi marks range from 0 to 10, showing the extent of pessimism and confidence of the survey respondents.
Furthermore, among property developers studied, 50% foresee unit costs of brand-new release over the next six months to become “moderately greater”, while the remaining 50% assume prices to continue to be constant with the very last quarter.
In general, the industry shows a more tempered view, as participants support for possible threats. “On the whole, survey outcomes suggest of a market that is still healthy yet is proactively readying for a possible hard landing,” Qian remarks.
