A person working as a Real Estate Agent in Singapore typically earns around 7,330 SGD per month. Salaries range from 3,810 SGD (lowest) to 11,200 SGD (highest).
This is the average monthly salary including housing, transport, and other benefits. Real Estate Agent salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Real Estate Agent salaries in Singapore range from 3,810 SGD per month (minimum salary) to 11,200 SGD per month (maximum salary).
The median salary is 7,040 SGD per month, which means that half (50%) of people working as Real Estate Agent(s) are earning less than 7,040 SGD while the other half are earning more than 7,040 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 Real Estate Agent(s) are earning less than 4,880 SGD while 75% of them are earning more than 4,880 SGD. Also from the diagram, 75% of Real Estate Agent(s) are earning less than 8,770 SGD while 25% are earning more than 8,770 SGD.
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
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Real Estate Agent salaries by experience level and this is what we found.
A Real Estate Agent with less than two years of experience makes approximately 4,330 SGD per month.
While someone with an experience level between two and five years is expected to earn 5,810 SGD per month, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 7,550 SGD per month, 30% more than someone with two to five years of experience.
Additionally, Real Estate Agent(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 9,150 SGD per month, 21% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 10,000 SGD per month, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 10,500 SGD per month, 5% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+30%|
|10 - 15 Years||+21%|
|15 - 20 Years||+9%|
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Real Estate Agent salaries by education level in order to make a comparison.
When the education level is High School, the average salary of a Real Estate Agent is 5,150 SGD per month.
While someone with a Certificate or Diploma gets a salary of 7,370 SGD per month, 43% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 10,200 SGD per month, 38% more than someone with a Certificate or Diploma.
|Certificate or Diploma||+43%|
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Real Estate Agent employees in Singapore earn 6% more than their female counterparts.
Real Estate Agent(s) in Singapore are likely to observe a salary increase of approximately 12% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
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.
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
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.
A Real Estate Agent is considered to be a high bonus-based job 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.
21% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 79% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.
The most standard form of bonus where the employee is awarded based on their exceptional performance.Company Performance Bonuses
Occasionally, 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 Bonuses
Granted upon achieving an important goal or milestone.Holiday / End of Year Bonuses
These types of bonuses are given without a reason and usually resemble an appreciation token.
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.
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.
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.
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.
Where can you get paid more, working for a private company or for the government? Public sector Real Estate Agent employees in Singapore earn 5% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+2%|
|Average Salary 2019||+3%|
Real Estate Agent salaries in Singapore are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.
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.
The average salary for Real Estate Agent is 22% less than that of Real Estate. Also, Real Estate salaries are 10% more than those of All Jobs.
|Job Title||Average Salary|
|Acquisition Associate||6,730 SGD||-8%|
|Assistant Leasing Manager||8,980 SGD||+22%|
|Assistant Property Manager||8,510 SGD||+16%|
|Commercial Leasing Manager||12,000 SGD||+64%|
|Commercial Real Estate Manager||12,400 SGD||+69%|
|Community Development Manager||10,400 SGD||+42%|
|Compliance Specialist||7,030 SGD||-4%|
|Development Coordinator||6,240 SGD||-15%|
|Lease Administrator||8,460 SGD||+15%|
|Leasing Agent||6,940 SGD||-5%|
|Leasing Consultant||7,740 SGD||+6%|
|Leasing Manager||8,940 SGD||+22%|
|Lettings Assistant||4,920 SGD||-33%|
|Portfolio Analyst||10,800 SGD||+47%|
|Portfolio Manager||11,900 SGD||+62%|
|Property Acquisition Agent||7,410 SGD||+1%|
|Property and Claims Specialist||8,060 SGD||+10%|
|Property Manager||10,100 SGD||+38%|
|Property Operations Manager||12,300 SGD||+68%|
|Property Tax Assistant||6,560 SGD||-11%|
|Real Estate Administrator||8,060 SGD||+10%|
|Real Estate Agent||7,330 SGD||-0%|
|Real Estate Analyst||9,180 SGD||+25%|
|Real Estate Appraiser||10,200 SGD||+39%|
|Real Estate Assistant||6,680 SGD||-9%|
|Real Estate Association Manager||9,010 SGD||+23%|
|Real Estate Broker||7,930 SGD||+8%|
|Real Estate General Manager||12,700 SGD||+73%|
|Real Estate Project Manager||10,700 SGD||+46%|
|Real Estate Sales Agent||6,830 SGD||-7%|
|Real Estate Valuer||9,210 SGD||+26%|
|Research Analyst||7,100 SGD||-3%|
|Residential Advisor||8,450 SGD||+15%|
|Residential Property Manager||9,940 SGD||+36%|
|Shopping Center Manager||11,900 SGD||+62%|
|Town Planner||12,700 SGD||+73%|