Property market sentiment improves in Q2 2012
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.