INDUSTRY SECTORS
Property and Real Estate A
career in property involves a range of work from sales and lettings to property management and consultancy services. Graduates will work with clients interested in investing in residential, commercial and industrial property, as well as land to be developed. This field has opportunities for graduates of any degree discipline, but those in business, economics, law, construction and engineering are particularly helpful. However, certain areas of work – such as property surveying – will require specific degrees or qualifications as stipulated by the Singapore government. Aspiring property surveyors and real estate agents must be registered with the Land Surveyors Board (LSB) and the Council for Estate Agencies (CEA) respectively. The real estate sector in Singapore contracted in the first half of 2020 due to the COVID-19 pandemic, before suddenly jumping in the later half. Accordingly, surveys in 2021 show that the number of respondents looking to buy a home this year is greater than that of the year before. In fact, private condominium resale volume hit a 10-year high this year. Unfortunately, the spiking costs of construction has also brought about fears of a real estate price bubble as well.
You will need… • An eye for detail • Communication skills • Good interpersonal skills • Commercial awareness • Problem-solving skills
Types of employers • Estate agents • Valuation consultancies • Asset management and investment consultancies • Property construction and development companies • Large corporations and retail chains • Public sector • Financial services providers
• Sales, lettings and acquisitions • Auctioneers • Valuers • Property managers • Consultants
Job-hunting tips • The graduate recruitment process varies between employers. Larger companies may look for potential candidates at recruitment talks and careers fairs, while smaller companies hire as needed
Most popular employers 1. CapitaLand 2. JTC Corporation 3. Housing & Development Board (HDB)
• As job opportunities aren’t widely advertised, it’s generally recommended to send in speculative applications
4. City Developments Limited
• Communication and marketing skills are key, so hopefuls should make sure that their application highlights them to the company requirements
7. Keppel Corporation
• Business awareness needs to be shown, so keep up-to-date with property trends and the trade press
Most large property development companies have internship programmes lasting two to six months. As there’s high demand for these positions, graduates should to apply early in order to secure placements. directory 2022
A common misconception about real estate agents is that they earn a lot. Real estate agents actually don’t have a set benchmark for their salaries as they earn via commission, thus making their wages highly unpredictable.
Types of jobs
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Did you know?
5. Far East Organization 6. Mapletree 8. Jones Lang LaSalle 9. Knight Frank 10. Jardines Source: Singapore Graduate Barometer 2021 edition
