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Developer sentiment worsens further

NUS-Redas Real Estate Sentiment Index shows overall market sentiment in S'pore fell to 3.4 in Q4 from 3.7 in Q3

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Published Mon, Jan 26, 2015 · 09:50 PM

Singapore

EXPECTATIONS of worsening property market conditions grew stronger in the fourth quarter of 2014 among Singapore real estate developers and the residential outlook remained gloomy, according to a survey by the Real Estate Developers' Association of Singapore (Redas).

The NUS-Redas Real Estate Sentiment Index showed that overall market sentiment in Singapore fell to 3.4 in the fourth quarter from 3.7 in the third quarter. A sub-five reading indicates expectations of deteriorating conditions, while a score above five reflects forecasts of improving conditions.

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