Property market sentiment hits a high in Q4

Singapore

OVERALL property market sentiment hit a high in the fourth quarter of last year, amid rising confidence in the market recovery in the coming six months.

This is according to the National University of Singapore and developers body Redas' Real Estate Sentiment Index (RESI), which posted a 6.9 reading for its composite sentiment index, which takes into account current and future sentiment. This was up from 6.6 in the preceding quarter and surpasses the previous high of 6.8 in Q1 2010, when the index series was minted.

"The exuberance in the market is buoyed b…