S'pore developer sentiment up slightly

Singapore

SENTIMENT among Singapore property developers ticked up slightly but remained weak, according to a survey by the National University (NUS) and the Real Estate Developers' Association of Singapore (Redas).

The overall sentiment gauge improved slightly to 3.7 in the third quarter from 3.5 in the second quarter, but remained below the 5.0 threshold above which sentiment is considered to be positive. The third quarter was the fifth period in a row in which sentiment was 4 or lower.

The indicator of current sentiment improved modestly to 3.7 versus 3.6 the previou…