THE Real Estate Developers' Association of Singapore has made a bold move by launching its Real Estate Sentiment Index (RESI). The industry has taken a risk going public with the sentiment index, which it developed jointly with the National University of Singapore's Department of Real Estate. As expected, brickbats have surfaced, with sceptics questioning the credibility of developers - the key...
Real Estate Sentiment Index
A NEW index tracking the property market shows that developers and other industry players remain positive but believe conditions will cool down from the bullish levels seen in recent months. More developers also believe the slowing global economy and an increased supply of new development land may hit market sentiment over the next six months. The Real Estate Sentiment Index, which was launched at a...