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
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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