25 Apr '14, 2am

S'pore developer sentiment cools: poll, Singapore Property News, Singapore Property Guides

[SINGAPORE ] Sentiment among developers has wilted in the face of a double whammy of rising costs and slowing sales, a survey done in the first quarter has indicated. Their outlook for the next six months has also cooled, given potential headwinds from tightened liquidity and a rise in interest rates. In the survey done among developers by the National University of Singapore (NUS) and the Real Estate Developers' Association of Singapore (Redas), the Current Sentiment Index slipped to 3.7 in the first quarter, down from the preceding quarter's 4.1. The Future Sentiment Index dipped to 3.9 from 4.0. The Composite Sentiment Index, a derived indicator for overall market sentiment, dipped to 3.8 from 4.0 in the preceding quarter. In the NUS-Redas Real Estate Sentiment Index (Resi) Survey, a score under five points to deteriorating market conditions, and scores above five, impr...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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