Historically, the real estate industry thrived in a highly male-dominated landscape and adapted much slower to gender parity than any other industry. In fact, the National Association of Realtors revealed that the first female agent was only allowed to join the organisation in the early 1900s and even then, women were not entitled to participate in the real estate boards until the 1950s. 

As years passed, the industry grew to be more open to the idea, eventually recognising the importance of women in the workplace. A 2018 report by McKinsey Global Institute stated that Singapore’s economy could add SGD26 billion (USD20 billion) if the city-state can successfully accelerate gender parity by 2025.

To achieve this, Kristin Thorsteins, the Head of Partnerships – SEA at IWG plc. and the Jury Chairperson for the 2021 PropertyGuru Asia Property Awards (Singapore), said: “One of the most important actions to increase gender parity is reducing the gender pay gap, which still persists and is caused by a multiplicity of factors.” 

Continue reading at asiapropertyawards.com.

Refurbished article by the Awards media partner here:
designandarchitecture.com/gender-equality-improving-in-singapore