The Real Estate and Business Services sector contributed S$19.7 billion or 10% to Singapore’s Gross Domestic Product (GDP) in 2005.

Sector Snapshot
Business Costs
Main Sub-Sectors
Size Of Establishments
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Sector Snapshot

• There are 31,200 establishments in the Real Estate and Business Services sector that generate operating receipts of some S$48.2 billion dollars for the economy. In total, they hire about 225,600 of Singapore’s workforce.

Sector Facts & Figures (2005)
Total Number of Establishments	↓ 31,159
Total Number of Workers in the Sector	↑225,641
Operating Receipts	↑S$48.2 billion
Operating Expenditure	↑S$42.6 billion
Operating Surplus	↓ S$8.9 billion
Value Added	↑ S$19.7 billion
Average Annual Remuneration per Employee	↓ S$48,000

↓ decrease from previous year ↑ increase from previous year
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Business Costs

• Establishments in the Real Estate and Business Services sector spend the most on remuneration of employees and goods & materials purchases.

Type Of Cost	% Of Cost (2005)
Remuneration of Employees	23.7%
Goods & Materials Purchases	11.2%
Subcontracted Work	8.8%
Depreciation	5.1%
Professional & Business Services	5.1%
Rental of Premises	2.3%

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Main Sub-Sectors

• The professional, scientific & technical activities sub-sector has the largest number of workers (108,768) and contributes the most to the Real Estate and Business Services sector’s operating receipts (S$21.8 billion).

Main Sub-Sectors