How much money does a person working in Real Estate make in Singapore?
9,370 SGD per month
Average Monthly Salary
A person working in Real Estate in Singapore typically earns around 9,370 SGD per month.
This is the average monthly salary including housing, transport, and other benefits.
Salaries differ drasticly between different Real Estate jobs. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
Salaries for specific jobs
|Acquisition Associate||6,732 SGD|
|Assistant Leasing Manager||8,976 SGD|
|Assistant Property Manager||8,514 SGD|
|Commercial Leasing Manager||11,999 SGD|
|Commercial Real Estate Manager||12,436 SGD|
|Community Development Manager||10,449 SGD|
|Compliance Specialist||7,033 SGD|
|Development Coordinator||6,237 SGD|
|Lease Administrator||8,464 SGD|
|Leasing Agent||6,940 SGD|
|Leasing Consultant||7,740 SGD|
|Leasing Manager||8,944 SGD|
|Lettings Assistant||4,917 SGD|
|Portfolio Analyst ||10,782 SGD|
|Portfolio Manager||11,943 SGD|
|Property Acquisition Agent||7,407 SGD|
|Property and Claims Specialist||8,065 SGD|
|Property Manager||10,075 SGD|
|Property Operations Manager||12,267 SGD|
|Property Tax Assistant||6,562 SGD|
|Real Estate Administrator||8,061 SGD|
|Real Estate Agent||7,333 SGD|
|Real Estate Analyst||9,182 SGD|
|Real Estate Appraiser||10,228 SGD|
|Real Estate Assistant||6,680 SGD|
|Real Estate Association Manager||9,012 SGD|
|Real Estate Broker||7,931 SGD|
|Real Estate General Manager||12,745 SGD|
|Real Estate Project Manager||10,686 SGD|
|Real Estate Sales Agent||6,828 SGD|
|Real Estate Valuer||9,212 SGD|
|Research Analyst||7,101 SGD|
|Residential Advisor||8,453 SGD|
|Residential Property Manager||9,942 SGD|
|Shopping Center Manager||11,929 SGD|
|Town Planner||12,745 SGD|
Real Estate Jobs Salary Distribution in Singapore
Abount These Figures: Salary Range, Median and Percentiles
The Real Estate salaries in Singapore range between 5,133 SGD per month (minimum salary) to 14,667 SGD per month (maximum salary).
The median salary is 9,558 SGD per month, which means that half (50%) of people working in Real Estate are earning less than 9,558 SGD while the other half are earning more than 9,558 SGD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Real Estate are earning less than 6,611 SGD while 75% of them are earning more than 6,611 SGD. Also from the diagram, 75% of people working in Real Estate are earning less than 12,597 SGD while 25% are earning more than 12,597 SGD.
What is the difference between the median and the average salary? What should you be looking at?
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plently of room for improvement. If your wage is in between the average and median, then things can be a bit confusing. We have written a guide to explain all the different senarios. How to compare your salary
Real Estate Salary Forecast and Trend in Singapore
How do Real Estate salaries change over time? Listed below is a chart that shows the average salary in recent years.
|Average Salary 2016|| = |
|Average Salary 2017|| +4% |
|Average Salary 2018|| +3% |
|Average Salary 2019|| +2% |
Percentage increase and decrease are relative to the previous value
Real Estate salaries in Singapore are rising in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% higher than those of 2018. The trend suggests a slow yet continous increase in pay in 2020 and future years. These numbers differ slightly from industry to another.
Real Estate Hourly Average Wage in Singapore
54 SGD per hour
Average Hourly Wage
The average hourly wage (pay per hour) in Singapore for Real Estate is 54 SGD. This means that the average person in Singapore earns approximatly 54 SGD for every worked hour.
Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )
The hourly wage is the salary paid in one working hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and annual vacation allowance. The figures mentioned above are good approximation and they are considered to the be the standard.
Real Estate VS Other Jobs
We compared Singapore salaries for Real Estate and All Jobs and we found that Real Estate salaries are 10% more than those of All Jobs.
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