Salary & Employment Forecast - Michael Page Hong Kong

Property & Construction
Employment conditions
Over the last 12 months, employment activity
across the property and construction markets
has been robust due to business expansion
in Hong Kong. There is increasing demand for
skilled professionals across these sectors with
employers proactively seeking industry talent,
on the back of positive economic conditions,
locally and across broader Asia.
Skills in demand
The highest demand is for skills in facilities
management and project management, where
professionals are required to co-ordinate
the expansion of local companies across
the regional corporate sector. Experience in
design and store development is especially
sought-after as the domestic retail industry
strengthens, following increased consumer
demand for luxury brands. Real Estate
Developers are also needed in domestic
hospitality companies to acquire property for
construction projects that will be carried out
across Greater China and the Asia region.
Salary expectations
Most employers will review salaries to
retain staff as the demand for experienced
property and construction professionals
exceeds supply. Average salary increases
of between 4% and 8% can be anticipated
for top performers. For those working in
the consultancy and retail sectors, above
average salary increases can be expected as
project based work in these areas continues
across the country and broader region. Most
companies will also be offering bonuses to
secure the best talent.
Market outlook
Role Experience HK$’ 000
CONSULTANCY
Project Director 15+ years 1,200+
Senior Project Manager 10+ years 800–1,000
Project Manager 7–10 years 620–800
Project Manager 5–7 years 370–620
Project Engineer 3–5 years 250–310
Contracts Administrator/Quantity Surveyor 3–7 years 310–490
Senior Contracts Manager 5–7 years 460–680
Design Manager 5–7 years 490–740
Operations Manager/Construction Manager 5–7 years 430–800
Senior Leasing Manager 7–10 years 560–740
Leasing Manager 5–7 years 370–560
Leasing Associate 3–5 years 310–430
Senior Property Manager 10+ years 740–1,100
Property Manager 7–10 years 560–930
Property Manager 5–7 years 370–560
Property Officer 3–5 years 250–370
Please note:
Recruitment activity over the next 12 months
is likely to remain positive as domestic market
conditions are expected to strengthen.
There will be rising demand for Project and
Design Managers as planning for regional
construction projects continues to be carried
out in Hong Kong. Professionals with local
language skills and work experience across
the Asia Pacific property and construction
sectors are expected to be in demand, with
more Asian retail companies also predicted to
expand across the region.
1. Salaries indicated are based on basic salary, excluding bonus/incentive schemes. 2. Market rates are becoming much less uniform. While we have taken great care, these salary ranges can only be approximate
guides as there are often specific circumstances relating to individual companies. Please call us for additional information. 3. These salary ranges have been determined using local salary structures.
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