Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
The Composite Sentiment Index incorporates the existing and potential indices to acquire an indicator of general market view. Resi scores range from 0 to 10, showing the degree of pessimism and confidence of the study participants.
Sentiment in the Singapore real property market is increasing aware amidst 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), showed that the Composite Sentiment Index declined to 5.8 in 4Q2025, from 6.1 in the last quarter.
In light of the outside risks, more industry players may be motivated to pivot far from aggressive growth techniques in favour of even more risk-averse methods, or a lot more conservative means of increasing resources, she claims.
“Being a greatly export-oriented nation, Singapore is particularly at risk to worldwide turns in trade and politics, so while our local principles continue to be stable, the survey mirrors a clear sense of caution concerning the exterior environment,” says Qian Wenlan, administrator of the NUS Ireus.
Additionally, among developers evaluated, 50% expect unit rates of brand-new release over the next 6 months to be “reasonably higher”, while the remaining 50% anticipate rates to remain regular with the last quarter.
The dip in the Composite Sentiment Index happens in the middle of splitting present and potential sentiments amongst industry participants. The Current Sentiment Index remained unchanged at 6.1 in 4Q2025, mirroring trust around both the sell and buy aspects of the industry, stated NUS in a March 10 release.
The Resi, that is released every quarter, surveys leading officers in realty business to offer a different action of exclusive real estate sector performance. It comprises a Current Position Index that record changes in view over the past six months, whilst a Future Sentiment Index monitor changes in view by the next 6 months.
Threat of a stagnation or decline in the international economy was top of mind for developers, with 71% of the Resi poll participants indicating this as a key issue for the following six months. In addition, 53% of participants are worried about potential job losses and a decline in the local economy over the very same period, while 47% are worried about rising construction prices.
Overall, the industry suggests a more toughened up view, as participants brace for probable threats. “Overall, questionnaire final results paint a picture of a sector that is still healthy yet is proactively preparing for a potential difficult landing,” Qian statements.
However, the Future Sentiment Index decreased, starting from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS assumes that the “significant decrease” comes from unpredictabilities arising from geopolitical stress worldwide.
