Real Estate Average Salaries in Singapore 2020
How much money does a person working in Real Estate make in Singapore?
LOW
3,520
SGD AVERAGE
9,520
SGD HIGH
16,300
SGD
A person working in Real Estate in Singapore typically earns around 9,520 SGD per month. Salaries range from 3,520 SGD (lowest average) to 16,300 SGD (highest average, actual maximum salary is higher).
This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Real Estate careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
Salaries for specific jobs
| Job Title | Average Salary |
| Acquisition Associate | 6,730 SGD |
| Assistant Leasing Manager | 8,980 SGD |
| Assistant Property Manager | 8,510 SGD |
| Brokerage | 6,460 SGD |
| Commercial Leasing Manager | 13,300 SGD |
| Commercial Real Estate Manager | 14,000 SGD |
| Community Development Manager | 12,200 SGD |
| Compliance Specialist | 6,240 SGD |
| Development Coordinator | 6,240 SGD |
| Lease Administrator | 8,460 SGD |
| Leasing Agent | 6,940 SGD |
| Leasing Consultant | 7,740 SGD |
| Leasing Manager | 8,940 SGD |
| Lettings Assistant | 3,370 SGD |
| Portfolio Analyst | 11,500 SGD |
| Portfolio Manager | 15,700 SGD |
| Property Acquisition Agent | 5,930 SGD |
| Property and Claims Specialist | 8,060 SGD |
| Property Manager | 10,100 SGD |
| Property Operations Manager | 14,500 SGD |
| Property Tax Assistant | 6,560 SGD |
| Real Estate Administrator | 7,500 SGD |
| Real Estate Agent | 7,330 SGD |
| Real Estate Analyst | 9,180 SGD |
| Real Estate Appraiser | 7,110 SGD |
| Real Estate Assistant | 6,680 SGD |
| Real Estate Association Manager | 9,010 SGD |
| Real Estate Broker | 6,890 SGD |
| Real Estate General Manager | 14,100 SGD |
| Real Estate Project Manager | 12,600 SGD |
| Real Estate Sales Agent | 6,830 SGD |
| Real Estate Valuer | 7,370 SGD |
| Research Analyst | 5,990 SGD |
| Residential Advisor | 8,450 SGD |
| Residential Property Manager | 9,940 SGD |
| Shopping Center Manager | 14,700 SGD |
| Town Planner | 14,400 SGD |
Real Estate Jobs Salary Distribution in Singapore
The median, the maximum, the minimum, and the range
Salary Range
Real Estate salaries in Singapore range from 3,520 SGD per month (minimum average salary) to 16,300 SGD per month (maximum average salary, actual maximum is higher).
Median Salary
The median salary is 9,900 SGD per month, which means that half (50%) of people working in Real Estate are earning less than 9,900 SGD while the other half are earning more than 9,900 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.
Percentiles
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 6,040 SGD while 75% of them are earning more than 6,040 SGD. Also from the diagram, 75% of people working in Real Estate are earning less than 13,600 SGD while 25% are earning more than 13,600 SGD.
What is the difference between the median and the average salary?
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 plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
Salary Comparison by Years of Experience
How does a person's salary progress over time?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.
Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.
Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.
As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.
Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.
Salary Comparison By Education
How does the education level affect your salary?
It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.
Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.
Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.
Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.
Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Singapore costs anywhere from 42,200 Singapore Dollar(s) to 127,000 Singapore Dollar(s) and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Real Estate Salary Comparison By Gender
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Singapore who work in Real Estate earn 5% more than their female counterparts on average.
| Male | 9,780 SGD | |
| Female | -5% | 9,320 SGD |
Salary Comparison By Gender in Singapore for all Careers
Real Estate Average Annual Salary Increment Percentage in Singapore
How much are annual salary increments in Singapore for Real Estate professionals? How often do employees get salary raises?
Real Estate
Real Estate professionals in Singapore are likely to observe a salary increase of approximately 10% every 14 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
Singapore / All Professions
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
Annual Increment Rate By Industry 2019
| Banking | 7% | |
| Energy | 5% | |
| Information Technology | 3% | |
| Healthcare | 1% | |
| Travel | 8% | |
| Construction | 6% | |
| Education | 4% |
Listed above are the average annual increase rates for each industry in Singapore for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
Worldwide Salary Raises: All Countries and All Jobs
Real Estate Bonus and Incentive Rates in Singapore
How much and how often are bonuses being awarded?
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Real Estate is considered to be a moderate bonus-based field due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
44% of surveyed staff in Real Estate reported that they haven't received any bonuses or incentives in the previous year while 56% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.
| Received Bonus | 56% | |
| No Bonus | 44% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Real Estate Hourly Average Wage in Singapore
55 SGD per hourThe average hourly wage (pay per hour) in Singapore is 55 SGD. This means that the average person in Singapore earns approximately 55 SGD for every worked hour.
The hourly wage is the salary paid in one worked 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 the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
Real Estate VS Other Jobs
The average salary for Real Estate is 13% more than that of All Jobs.
Government vs Private Sector Salary Comparison
Where can you get paid more, working for a private company or for the government? Public sector employees in Singapore earn 5% more than their private sector counterparts on average across all sectors.
| Private Sector | 8,270 SGD | |
| Public Sector | +5% | 8,670 SGD |
