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Real Estate Average Salaries in Singapore 2024

How much money does a person working in Real Estate make in Singapore?


Average Monthly Salary
9,300 SGD
( 112,000 SGD yearly)

LOW
3,520
SGD
AVERAGE
9,300
SGD
HIGH
16,300
SGD
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working in Real Estate in Singapore typically earns around 9,300 SGD. Salaries range from 3,520 SGD (lowest average) to 16,300 SGD (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Real Estate domain in Singapore exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Real Estate
3D Printing Home Building Engineer7,440 SGD
Acquisition Associate6,730 SGD
Assistant Leasing Manager8,980 SGD
Assistant Property Manager8,510 SGD
Brokerage6,470 SGD
Brokerage Clerk3,630 SGD
Co-Living Space Manager7,430 SGD
Commercial Leasing Manager13,300 SGD
Commercial Real Estate Manager14,000 SGD
Community Development Manager12,200 SGD
Compliance Specialist6,240 SGD
Development Coordinator6,240 SGD
Director of Real Estate15,600 SGD
Foreclosure Consultant9,020 SGD
Lease Administrator8,460 SGD
Leasing Agent6,940 SGD
Leasing Consultant7,740 SGD
Leasing Manager8,940 SGD
Lettings Assistant3,370 SGD
Portfolio Analyst 11,500 SGD
Portfolio Manager15,700 SGD
Property Acquisition Agent5,930 SGD
Property and Claims Specialist8,070 SGD
Property Manager10,100 SGD
Property Operations Manager14,500 SGD
Property Tax Assistant6,560 SGD
PropTech Consultant8,170 SGD
Real Estate Administrator7,500 SGD
Real Estate Agent7,330 SGD
Real Estate Analyst9,180 SGD
Real Estate Appraiser7,510 SGD
Real Estate Appraiser7,110 SGD
Real Estate Appraiser7,080 SGD
Real Estate Assistant6,680 SGD
Real Estate Association Manager9,010 SGD
Real Estate Broker6,890 SGD
Real Estate Data Analyst7,500 SGD
Real Estate General Manager14,100 SGD
Real Estate Project Director13,000 SGD
Real Estate Project Manager12,600 SGD
Real Estate Sales Agent6,830 SGD
Real Estate Valuer7,370 SGD
Real State Compliance Officer7,200 SGD
Research Analyst5,990 SGD
Residential Advisor8,450 SGD
Residential Property Manager9,940 SGD
Shopping Center Manager14,700 SGD
Short-Term Rental Manager8,820 SGD
Smart Home Consultant8,070 SGD
Town Planner14,400 SGD
Vacation Rental Manager8,700 SGD
Virtual Tour Producer6,970 SGD


Real Estate Jobs Pay Scale and Salaries in Singapore

Median and salary distribution Singapore Real Estate monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
8,820 SGD or more
10% of people earn
7,510 to 8,820 SGD
20% of people earn
4,640 SGD or less
65% of people earn
4,640 to 7,510 SGD
Minimum Salary
3,520 SGD
Median
8,600 SGD
Maximum
16,300 SGD




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Real Estate in Singapore range from 3,520 SGD (starting average salary) to 16,300 SGD (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Real Estate is 8,600 SGD, implying that half of the workforce in Singapore earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Real Estate in Singapore earn less than 6,660 SGD, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 10,200 SGD, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Real Estate in Singapore. The analysis revealed that roughly 65% of all reported salaries fell within the range of 4,640 SGD to 7,510 SGD. Approximately 20% of salaries were below the 4,640 SGD mark, while 10% ranged from 7,510 SGD to 8,820 SGD. Only 5% of individuals earned a gross salary of 8,820 SGD or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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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 in Real Estate in Singapore 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.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.


Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

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 degree levels across many jobs in Real Estate in Singapore, 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 certificate 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 42,400 SGD to 127,000 SGD and lasts approximately two years. That is quite an investment.

Employees can't expect any salary increases during the study period, assuming they 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 to 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 the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.



Salary and Compensation Comparison By Gender / Real Estate / Singapore

Salary comparison by gender Singapore Real Estate monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In the field of Real Estate in Singapore, the average difference between the salary of male and female employees is 5%.

Male
9,550 SGD
Female-5%
9,100 SGD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Singapore for all Careers

Salary comparison by gender monthly Singapore
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Average Annual Salary Increment Percentage / Real Estate / Singapore

How much are annual salary increments in Singapore for individuals working in Real Estate? How often do employees get salary raises?

Professionals working in Real Estate 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.

Annual Salary Increment Rate Singapore Real Estate
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Singapore / All Professions

Annual Salary Increment Rate Singapore
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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

The average salary increase in one year (12 months) in Singapore is 7%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.

Bonus and Incentive Rates / Real Estate / Singapore

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Singapore Real Estate
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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 Bonuses

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.

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 GeneratorsSupporting 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:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


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.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

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.

Hourly Average Wage / Real Estate / Singapore


54 SGD per hour

The average hourly wage (pay per hour) in Real Estate in Singapore is 54 SGD.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working in Real Estate in Singapore is 20 SGD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Singapore is 5% on average across all career fields.

Private Sector
8,300 SGD
Public Sector+5%
8,700 SGD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Real Estate in Singapore?

A good and competitive compensation would range anywhere between 8,600 SGD and 10,200 SGD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for jobs in Real Estate in Singapore ranges from 3,520 SGD to 6,660 SGD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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


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