Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
Generally, the market shows a more solidified sentiment, as participants support for potential risks. “On the whole, study outcomes suggest of a market that is still healthy and balanced yet is proactively preparing for a possible tough landing,” Qian remarks.
Nonetheless, the Future Sentiment Index decreased, starting from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS presumes that the “notable decline” originates from skepticisms emerging from geopolitical tensions worldwide.
Sentiment in the Singapore property industry is developing aware amidst spreading worldwide unpredictabilities. 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), presented that the Composite Sentiment Index receded to 5.8 in 4Q2025, from 6.1 in the past quarter.
“Being a heavily export-oriented nation, Singapore is particularly at risk to worldwide turns in trade and politics, so while our local principles stay stable, the survey mirrors a certain sense of care regarding the external environment,” remarks Qian Wenlan, administrator of the NUS Ireus.
Risk of a stagnation or decrease in the global economic situation was top of mind for property developers, with 71% of the Resi survey participants showing this as a main concern for the next six months. In addition, 53% of participants are worried regarding potential employment declines and a decline in the local economy over the same period, whilst 47% are worried about climbing construction costs.
Union Square Residences condominium
The dip in the Composite Sentiment Index happens in the middle of splitting existing and future beliefs amongst market participants. The Current Sentiment Index stayed unchanged at 6.1 in 4Q2025, reflecting trust across both the sell and buy sides of the market, stated NUS in a March 10 release.
The Resi, that is posted every three months, surveys senior officers in property business to give an alternative action of exclusive real estate sector performance. It comprises a Present Sentiment Index that monitor modifications in sentiment within the previous 6 months, whilst a Future Sentiment Index monitor changes in view over the following 6 months.
Furthermore, amongst property developers studied, 50% anticipate unit prices of brand-new launches over the next 6 months to be “reasonably greater”, whilst the remaining 50% anticipate prices to remain consistent with the previous quarter.
The Composite Sentiment Index incorporates the present and future marks to acquire an indicator of overall market belief. Resi scores range from 0 to 10, showing the extent of distrust and confidence of the poll respondents.
Taking into account the external risks, more sector players may be triggered to veer far from hostile development techniques in favour of more risk-averse methods, or extra conservative ways of elevating resources, she states.
