As reported in the papers today, official CPF figures show that employees working in the real estate and financial services industries got the highest pay increase this year.
The average increase is 8.3% for financial services and a whopping 23.8% for real estate & leasing services.
But what is more interesting (to me) in the Straits Times front page article is that the “average monthly real earnings” in financial services is the highest at $8,097, which is more than 1.5 times that of Information & Communications, the next best paid industry.
Here are the average monthly real earnings for the various sectors, from highest to lowest:
- Financial Services – $8,097
- Information & Communications – $4,904
- Professional Services – $4,537
- Manufacturing – $4,029
- Transport & Storage – $3,820
- Community, Social & Personal Services – $3,663
- Real Estate & Leasing Services – $3,580
- Wholesale & Retail Trade – $3,322
- Construction – $2,783
- Administrative & Support Services – $2,387
- Hotels & Restaurants – $1,507
As you can see, Real Estate is only “ranked” 7th, even though it got the highest increase in wages.
The Financial Services sector is still the champion…
This could probably due to higher expenses in Real Estate business being declared. There are larger number of Real Estate people than the Financial People also play a part where more people succeed in Financial Industry than in Real Estate can be also true from the figure shown. Just my personal observation over the past 10 years as I’m particularly interested in this two industries.
I definitely agree with this article you made. definitely, if you invest in real estate, despite the expenses, you can receive passive income at the latter. tho if you are doubting yourself to invest in this kind of matter, just push yourself because even if it’s not real estate, you will still need to incur high expenses. with that, it’s much better to invest in real estate, especially when it comes to the available properties of Camella Manors. check this link here: https://www.camella.com.ph/