S'pore developer sentiment cools: poll

[SINGAPORE] Sentiment among developers has wilted in the face of a double whammy of rising costs and slowing sales, a survey done in the first quarter has indicated.

Their outlook for the next six months has also cooled, given potential headwinds from tightened liquidity and a rise in interest rates.

In the survey done among developers by the National University of Singapore (NUS) and the Real Estate Developers' Association of Singapore (Redas), the Current Sentiment Index slipped to 3.7 in the first quarter, down from the preceding quarter's 4.1.