Singapore developer sentiment shows slight bump in Q2
Market outlook for next six months also edges up from previous quarter
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Nisha Ramchandani
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Singapore
THERE has been a marginal improvement in the market sentiment of real estate developers in the second quarter of this year although it remains weak, according to the latest NUS-Real Estate Developers' Association of Singapore (Redas) Real Estate Sentiment Index survey.
The Current Sentiment Index, which tracks changes in sentiment over the past six months, inched up to 3.9, from a score of 3.8 in Q1. A score below five suggests worsening market conditions, while a score above five indicates improving conditions.
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