Asia-Pacific Property Sector Professionals See Highest Average Salaries, Rewards & Wage Growth since 2009: RICS and Macdonald & Co Asia Survey

SINGAPORE, May 9, 2018 /PRNewswire/ -- Property professionals are now enjoying the highest average salaries, rewards and wage growth since 2009. Reflecting higher levels of business confidence in recent years, this was one of the top-line findings from the RICS and Macdonald & Co Asia Salary & Benefits Survey, the leading benchmark survey of remuneration and attitudes across the property industry in the Asia-Pacific.

The survey revealed that an RICS qualification led to an 18.1% higher base salary on average compared to non-qualified counterparts. This highlights the market value of a globally-recognised professional qualification which has seen growth year-on-year since the survey started in 2007.

"The RICS and Macdonald & Co survey reveals the market value of the RICS professional qualification. The 2018 report shows that the premium placed on the RICS qualification now stands at 18.1%. This is a clear sign that employers are willing to pay a premium for technical and ethical professionalism as well as the increasing recognition of the value that RICS brings," Will Myles, Regional Managing Director Asia Pacific, RICS.

Other key findings from the RICS and Macdonald & Co 2018 survey:

1. The average annual base salary of a property professional was found to be at US$110,890, which represents an increase of 23% versus 2017 which can be partially attributed to the growth in the seniority of respondents
2. The total reward received by real estate professionals increased by 35.7% to USD$177,138 year-on-year. This represents the highest total reward for the last 10 years
3. The average bonus for the property sector grew by 79.4% to US$37,801

The annual RICS and Macdonald & Co Asia Salary & Benefits Survey is the leading property industry benchmarking tool based on significant key indicators such as average salary growth (broken down by gender, age and sector), average bonus & total reward as well as job satisfaction. The survey provides insights into regional variations, and offers not just an excellent tool for salary benchmarking, but also leading indicators for employers to stay competitive in today's war for talent.

www.rics.org/asiasalarysurvey

ABOUT RICS

RICS is a global professional body. We promote and enforce the highest professional qualification and standards in the development and management of land, real estate, construction and infrastructure. Our name promises the consistent delivery of standards - bringing confidence to the markets we serve. The work of our professionals creates a safer world: we are proud of our profession's reputation and we guard it fiercely.

www.rics.org

ABOUT MACDONALD & CO

Macdonald & Company is the leading professional recruitment consultancy for the real estate and built environment sectors. Established in 1994 and headquartered in the UK, we apply local knowledge with true global connection through our offices in Asia-Pacific, the Middle East and Africa.

Our specialist teams act for every class of organisation owning, occupying, financing or advising on property, construction and engineering -- developers, investors, institutions, funds, banks, consultancies and contractors. We are the preferred recruitment partner of RICS - the Royal Institution of Chartered Surveyors.

http://www.macdonaldandcompany.com

For more information and/or interview opportunities, kindly contact:

Lim Le-Anne, Head of Communications & External Affairs, Asia Pacific, RICS
DID: +65 6812 8177
Mob: +65 9478 8824
Email: llim@rics.org
Website: rics.org

Logo - https://photos.prnasia.com/prnh/20180508/2127149-1-LOGO