Average Lettings Assistant Salary in Singapore for 2024

In this article, we will look at the average Lettings Assistant salary for 2024 in Singapore and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Singapore dollar. To keep things simple, we are using the SGD currency code instead of the currency symbol $.

How Much Does a Lettings Assistant Make in Singapore?

A Lettings Assistant working in Singapore will typically earn around 42,040 SGD per year, and this can range from the lowest average salary of about 21,400 SGD to the highest average salary of 62,420 SGD.

Average Annual Salary
42,040 SGD
Average Monthly Salary
3,503 SGD

Lowest Annual Salary
21,400 SGD
Lowest Monthly Salary
1,783 SGD

Highest Annual Salary
62,420 SGD
Highest Monthly Salary
5,201 SGD

These are average salaries for a Lettings Assistant in Singapore and include benefits such as housing and transport. It's also possible for a Lettings Assistant to earn more or less than the average salaries shown above.

Lettings Assistant salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Lettings Assistant Salaries in Singapore

So we've looked at the average salaries a Lettings Assistant will earn in Singapore. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Lettings Assistant can earn between 21,400 SGD and 62,420 SGD on average in Singapore. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Lettings Assistant in Singapore is 39,080 SGD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 39,080 SGD, and 50% of the population earn more than 39,080 SGD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Lettings Assistant salary in Singapore, 25% of the population are earning less than 26,500 SGD while 75% of the population earn more than 26,500 SGD.

75% of the population earn less than 49,360 SGD, and 25% of the population earn more than 49,360 SGD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Lettings Assistant Salary by Experience Level in Singapore

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average lettings assistant salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Lettings Assistant in Singapore that has less than two years of experience can expect to earn somewhere in the region of 23,480 SGD.
  • 2 - 5 Years Experience. With two to five years of experience the average Lettings Assistant salary would increase to 33,440 SGD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Lettings Assistant, the average salary would be 40,640 SGD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 49,020 SGD.
  • 15 - 20 Years Experience. A Lettings Assistant with 15 to 20 years of experience can earn an average of 56,100 SGD.
  • 20+ Years Experience. For a Lettings Assistant with more than 20 years, the expected average salary increases to 59,480 SGD.

Average Salary by Experience Chart

0-2 Years
23,480 SGD
2-5 Years +34%
33,440 SGD
5-10 Years +30%
40,640 SGD
10-15 Years +21%
49,020 SGD
15-20 Years +9%
56,100 SGD
20+ Years +5%
59,480 SGD

Lettings Assistant Salary by Education Level in Singapore

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Lettings Assistant in Singapore based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Lettings Assistant in Singapore with a high school education can earn an average salary of 29,840 SGD.

  • Certificate or Diploma. A Lettings Assistant in Singapore with a certificate or diploma education can earn an average salary of 38,780 SGD.

  • Bachelor's Degree. A Lettings Assistant in Singapore with a bachelor's degree education can earn an average salary of 54,560 SGD.

Average Salary by Education Chart

High School
29,840 SGD
Certificate or Diploma +43%
38,780 SGD
Bachelor's Degree +38%
54,560 SGD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Singapore is around 42,200 to 127,000 SGD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Lettings Assistant Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Singapore, a male lettings assistant will earn an average of 40,640 SGD, while a female lettings assistant will earn around 37,880 SGD.

This means that a male lettings assistant earns approximately 7% more than a female lettings assistant for performing the same job.

Average Salary by Gender Chart in Singapore

Male
40,640 SGD
Female -7%
37,880 SGD

Lettings Assistant Average Pay Raise in Singapore

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Lettings Assistant in Singapore is around 11% every 15 months.

The national average pay raise across all professions and industries in Singapore is around 9% every 15 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 11 ÷ 15 ) × 12  = 9%

What this means is that a Lettings Assistant in Singapore can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in Singapore for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Singapore.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Lettings Assistant Bonus and Incentive Rates in Singapore

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Lettings Assistant is a high bonus based job, with 78% of employees reporting at least one bonus in the last 12 months.

22% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 6% to 8%.

Received Bonus
78%
No Bonus
22%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Singapore earn approximately 5% more than private sector employees in the same role.

Public Sector
103,440 SGD
Private Sector -5%
98,540 SGD

Salaries for Jobs Similar to a Lettings Assistant

In the table below, we have salary information for jobs that are similar to a Lettings Assistant in Singapore.

Job Title Category Salary
Acquisition Associate Real Estate 80,060 SGD
Assistant Leasing Manager Real Estate 106,960 SGD
Assistant Property Manager Real Estate 102,720 SGD
Brokerage Real Estate 79,120 SGD
Brokerage Clerk Real Estate 45,060 SGD
Commercial Leasing Manager Real Estate 159,400 SGD
Commercial Real Estate Manager Real Estate 167,100 SGD
Community Development Manager Real Estate 148,300 SGD
Compliance Specialist Real Estate 73,980 SGD
Development Coordinator Real Estate 73,980 SGD
Director of Real Estate Real Estate 187,300 SGD
Lease Administrator Real Estate 102,020 SGD
Leasing Agent Real Estate 84,780 SGD
Leasing Consultant Real Estate 93,280 SGD
Leasing Manager Real Estate 107,380 SGD
Portfolio Analyst Real Estate 139,100 SGD
Portfolio Manager Real Estate 189,300 SGD
Property Acquisition Agent Real Estate 72,360 SGD
Property and Claims Specialist Real Estate 95,720 SGD
Property Manager Real Estate 119,900 SGD
Property Operations Manager Real Estate 172,200 SGD
Property Tax Assistant Real Estate 78,620 SGD
Real Estate Administrator Real Estate 90,900 SGD
Real Estate Agent Real Estate 87,060 SGD
Real Estate Analyst Real Estate 109,460 SGD
Real Estate Appraiser Real Estate 86,460 SGD
Real Estate Appraiser Real Estate 87,020 SGD
Real Estate Appraiser Real Estate 89,120 SGD
Real Estate Assistant Real Estate 78,260 SGD
Real Estate Association Manager Real Estate 108,320 SGD
Real Estate Broker Real Estate 81,180 SGD
Real Estate General Manager Real Estate 169,000 SGD
Real Estate Project Director Real Estate 157,600 SGD
Real Estate Project Manager Real Estate 152,100 SGD
Real Estate Sales Agent Real Estate 82,160 SGD
Real Estate Valuer Real Estate 87,040 SGD
Research Analyst Real Estate 70,880 SGD
Residential Advisor Real Estate 103,200 SGD
Residential Property Manager Real Estate 119,080 SGD
Shopping Center Manager Real Estate 176,800 SGD
Town Planner Real Estate 172,400 SGD

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