Property market sentiment dips in 4Q2025 as global uncertainties cloud outlook: NUS index
In light of the external chances, more market players may be motivated to pivot away from aggressive growth approaches in favour of even more risk-averse approaches, or more conservative means of increasing resources, she states.
“Being a greatly export-oriented country, Singapore is specifically at risk to international shifts in trade and states policies, so while our domestic basics stay good, the study mirrors a certain sense of care regarding the exterior environment,” says Qian Wenlan, executive of the NUS Ireus.
In addition, amongst property developers surveyed, 50% foresee unit costs of new launches over the next six months to be “moderately greater”, whilst the remaining 50% anticipate prices to remain constant with the very last quarter.
In general, the industry indicates a much more toughened up view, as participants brace for potential risks. “On the whole, survey outcomes suggest of a sector that is still healthy and balanced however is proactively readying for a possible difficult landing,” Qian comments.
View in the Singapore real estate market is growing aware amid unfolding international 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), displayed that the Composite View Index decreased to 5.8 in 4Q2025, from 6.1 in the previous quarter.
The Composite Sentiment Index incorporates the current and near future marks to obtain an indicator of general market sentiment. Resi scores vary from 0 to 10, reflecting the degree of pessimism and positive outlook of the questionnaire participants.
The dip in the Composite Sentiment Index comes amid deviating present and future sentiments among industry participants. The Current Sentiment Index continued unmodified at 6.1 in 4Q2025, reflecting trust across both the sell and buy parts of the market, said NUS in a March 10 release.
Lentor Gardens Residences Singapore
Risk of a downturn or decline in the international economic situation was top of mind for property developers, with 71% of the Resi survey respondents suggesting this as a key issue for the following 6 months. Additionally, 53% of participants are bothered about prospective career losses and a decrease in the local economy over the same duration, while 47% are concerned about climbing construction costs.
The Resi, which is released every quarter, surveys senior administrators in real estate companies to offer an alternative measure of private property market performance. It consists of a Current View Index that monitor changes in belief over the previous 6 months, while a Future Sentiment Index monitor modifications in view over the next 6 months.
Nevertheless, the Future Sentiment Index declined, going from 6.0 in 3Q2025 to 5.5 in 4Q2025. NUS presumes that the “noteworthy decrease” stems from skepticisms emerging from geopolitical tensions worldwide.
