NUS-Redas index shows easing in developer bearishness in Q2

Singapore

DEVELOPER sentiment in Singapore improved slightly in the April through June period from the first three months of the year but it was still gloomy overall, the latest NUS-Redas real estate sentiment index report released on Monday showed.

The report, which came out a week after the Monetary Authority of Singapore said the property cooling measures would stay in place, also found that 52.9 per cent of property developers surveyed expect a "moderate decrease" in residential property prices in the next six months.