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Manpower Dynamics. Data Intelligence.

Real Estate Services

Real Estate Development; Property Management and Maintenance; Estate Agency; Estate Surveying, Valuation and Consultancy; Government Departments and Public Sector.

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Year 2022 Tooltips

Real Estate Development

0

Property Management and Maintenance

0

Estate Agency

0

Estate Surveying, Valuation and Consultancy

0

Government Departments and Public Sector

0

Total

0

Real Estate Development

0

Vacancy rate: 2.2%

Property Management and Maintenance

0

Vacancy rate: 8.8%

Estate Agency

0

Vacancy rate: 7.2%

Estate Surveying, Valuation and Consultancy

0

Vacancy rate: 6.5%

Government Departments and Public Sector

0

Vacancy rate: 5.3%

Total

0

Vacancy rate: 7.5%

 

All the percentages are rounded to nearest 0.1%.

Real Estate Development

0

Turnover rate: 4.1%

Property Management and Maintenance

0

Turnover rate: 25.1%

Estate Agency

0

Turnover rate: 12.3%

Estate Surveying, Valuation and Consultancy

0

Turnover rate: 10.7%

Government Departments and Public Sector

0

Turnover rate: 6.6%

 

All the percentages are rounded to nearest 0.1%.

Monthly Income Tooltips

 

All the percentages are rounded to nearest 0.1%.

Icon of Managerial and Professional

Managerial and Professional

94.2%First Degree

Icon of Supervisory

Supervisory

68.0%Diploma/ Certificate

Icon of Technical Support and Operative

Technical Support and Operative

51.4%Secondary 3 or below

 

All the percentages are rounded to nearest 0.1%.

Icon of Managerial and Professional

Managerial and Professional

36.1%6 years to less than 10 years

49.5%3 years to less than 6 years

Icon of Supervisory

Supervisory

45.0%3 years to less than 6 years

45.7%1 year to less than 3 years

Icon of Technical Support and Operative

Technical Support and Operative

57.8%Less than 1 year

 

All the percentages are rounded to nearest 0.1%.

Recruitment Difficulties

1st

Lack of competitive remuneration package

2nd

Many choices in the market

3rd

Lack of candidates with relevant experience

Manpower Demand

Average Annual Growth

0

2022

Actual

0

2026

Forecast

0

Note(s):
(1) The figures included employees and vacancies.
(2) The manpower forecast is based on the statistical modelling of relevant economic indicators which reflect important changes in the local economy, demography and labour market.

 

All the percentages are rounded to nearest 0.1%.

Report

Real Estate Services Industry - 2022 Manpower Survey Report Image
  • Real Estate Services
  • 2022 Manpower Survey Report

The Latest Property Technology Trends

The rise of property technology has changed the real estate market towards more tech-enabled buildings and work offerings. It significantly improves client experience and makes informed investment and property management decisions. Artificial intelligence, immersive technologies, internet of things (IoT), big data and analytics, blockchain and drones are the major property technology trends today. The use of these technologies in the real estate market is still in infant stage, however with rapid innovation taking place. This is an indication of future growth with enormous opportunities and a quest of talents with advanced data analytics skills for insight generation, strong competence in applying property technologies for delivering business solutions and customer experiences with agility and creativity in the future.

Real Estate Services Industry - 2025 Manpower Update Report Image
  • Real Estate Services
  • 2025 Manpower Update Report

Challenges of PropTech: Addressing Legal Lags and Cultivating Irreplaceable Human Skills

PropTech applications now span the entire Real Estate Services Industry but regulations have not yet fully kept pace with technological developments. To avoid legal ambiguities from impeding the adoption of the latest technology, it is hoped that the Government could establish comprehensive legal frameworks to govern PropTech applications, particularly those concerning privacy and security risks. At the same time, employees should proactively develop their soft skills – the irreplaceable human edge that will ensure their career resilience in the increasingly automated industry.