DEADLINES loom for local students armed with freshly minted GCE A-Level results to apply for places at local universities. Is studying real estate worth considering?

An academic once told me that some parents objected to their offspring pursuing studies in real estate because they did not want their children to become property agents. My thought balloon was: Why not be a property agent, as some agents are earning much more than many of their peers?

Market leaders in the property agency business here did well last year. Compared to a year ago, PropNex saw revenue up 87 per cent to S$957 million and net profit up 106 per cent to S$60 million in 2021. Year on year, APAC Realty logged a 115 per cent jump in earnings to S$35 million as revenue rose 87 per cent to S$740 million in 2021.