Property market sentiment improves in Q2 2012
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Although the Redas-NUS real estate composite sentiment index for April to June inched up to 4.7 from 4.6 in the first quarter, only 46 per cent of the developers polled expected more private residential units to be launched soon, a sharp decline from 77 per cent in the first quarter of the year. -- PHOTO: AFP
Property market sentiment improved slightly in the second quarter, but the mood was still dampened by the uncertainty over the euro zone debt crisis.
The Redas-NUS real estate composite sentiment index for April to June inched up to 4.7, from 4.6 in the first quarter.
It had declined for four straight quarters last year to plumb a nadir of 3.3 in the fourth quarter of last year.
A score below five indicates deteriorating market conditions while a score above five reflects improving market conditions.
