Property industry professionals in Malaysia see big pay rises
Malaysian real estate professionals reported a year-on-year salary rise of 33 per cent, according to the annual Asia Rewards & Attitudes Survey, a study by Royal Institution of Chartered Surveyors and Macdonald & Company that measures salary growth. Second in the rankings was mainland China, where real estate professionals saw their salaries grow 10.5 per cent.
Malaysian property industry professionals saw their salaries grow by a third last year - outperforming their counterparts in China and Singapore, a survey shows.
The markets surveyed were Hong Kong, Malaysia, Singapore and mainland China.
But while Malaysia topped the growth stakes in the surveyed areas, it was helped by a low comparison base, with property professionals earning an average of only US$55,700 a year, the lowest in the region.
Their peers in neighbouring Singapore led East Asian rankings with average annual incomes of US$135,900. Property professionals earned an average of US$106,600 in mainland China and US$100,300 in Hong Kong.
Overall, industry salaries rose 10.6 per cent to an average of US$99,400 annually.