Developers grow more optimistic but worry about cooling moves

Singapore

DEVELOPERS have grown more optimistic about the current and future state of the Singapore property market, but they worry about the government introducing more cooling measures.

The Real Estate Sentiment Index (Resi), jointly developed by the Real Estate Developers' Association of Singapore (Redas) and the Department of Real Estate at the National University of Singapore, had a composite reading of 6.6 in the third quarter, from 6.1 in the second. The composite index gives an overall indicator of sentiment.