Real estate salaries see $50,000 average increase in 2024

Despite salary growth, only 40% of professionals in Hong Kong are satisfied with their benefits package.

Salaries in Hong Kong’s real estate sector continue to climb, with the median annual salary reaching $600,000 in 2024, marking an average increase of $50,000 from the previous year, according to the Macdonald & Company.

Despite salary growth, only 40% of professionals in Hong Kong are satisfied with their benefits package, signalling a gap between compensation and workplace expectations.

At the same time, 62% of employees feel valued in their roles, a decline of 9% from last year, suggesting that issues such as job recognition and professional growth opportunities are becoming more pressing.

The report highlighted a significant shift in job mobility, with 51% of global real estate professionals likely to change jobs in the next 12 months.

This trend is particularly noticeable amongst graduate and entry-level employees, where 30% feel that flexible work arrangements have negatively impacted their career progression.

Compensation also varies widely by sector, with healthcare and data centre professionals commanding the highest salaries. However, the gender pay gap remains at 2%, indicating a relatively equitable pay structure in Hong Kong’s real estate market compared to global trends.

To stay competitive, Hong Kong employers are urged to rethink benefits packages, strengthen career development initiatives, and create a more inclusive workplace culture.