Asian real estate exec salaries drop

Earnings of real estate executives in Asia dropped in 2013, according to a survey from the Royal Institution of Chartered Surveyors and Macdonald and Company.

The report found that earnings dropped 21.4 per cent last year, contributing to an overall fall of 3.8 per cent in property professional salaries.

Salaries in Malaysia, on the other hand, rose 11 per cent, although they receive the lowest average earnings overall.

Dr Daniel Ho, RICS Governing Council member cum Chairman, RICS Hong Kong, says: “I am glad to see that respondents expect an optimistic economic growth in the region and hiring intention is on the rise. The property sector faces a shortage of surveying professionals in different areas.

“We urge for more investment of resources into education and training to meet this need. RICS is committed to setting and upholding the highest standards of the industry and its members. We are happy to know that our qualification enables members to secure significantly higher rewards.”