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Property developers remain cautious, survey shows

Published on Feb 6, 2014 6:22 PM

Property developers remained cautious in the fourth quarter of last year, according to The Real Estate Sentiment Index (RESI) Survey released on Tuesday.

An indicator for overall real estate market sentiment, the composite sentiment index, increased to 4.0 from 3.9 in the previous quarter.

A score under five signals deteriorating market conditions and one above five means improving conditions.

The current sentiment index increased to 4.1 from 3.9, while the future sentiment index increased to 4.0 from 3.9.

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