SkillsFuture Study Award for the Real Estate Agency Industry

Application for SkillsFuture Study Award 2020 is now closed. For more information on SkillsFuture programmes, please visit SkillsFuture Singapore’s website to find out more about how you can leverage the range of programmes and resources available to help Singaporeans attain skills mastery and lifelong learning, no matter which stage of life you are at. 

Property transaction processes (including estate agency work) are facing fundamental shifts due to technological disruptions and evolving consumer expectations. Salespersons who are able to differentiate themselves by being more professional and providing value-added services for their clients are less likely to be disrupted.

The Council for Estate Agencies has been working with the real estate agency industry to enhance the competencies of industry practitioners to remain competitive and relevant through its Continuing Professional Development framework.

The SkillsFuture Study Award for the Real Estate Agency Industry is an extension of this effort in support of the Real Estate Industry Transformation Map (ITM). The award provides a salesperson with the opportunity to enroll in a course to acquire relevant skillsets and competencies to upskill and enhance the level of professionalism. 

Supported courses

Applicants may enrol in courses in real estate and business-related areas, and data analytics, and other areas which CEA may consider on a case-by-case basis. Such relevant courses may also include advanced or higher diplomas. Below are some examples of supported courses:

 Course  Institution

Master of Science (Real Estate)

 

National University of Singapore

 
Master of Business Administration – Master of Science (Real Estate) Double Degree Programme (MBA-MRE-DDP)
Master of Business Administration (MBA) with Real Estate Specialisation
Master of Science in Business Analytics
Master of IT Business (Financial Technology and Analytics)  

Singapore Management University

 
Master of IT in Business (Analytics)
Master of Finance programme  

Singapore University of Social Sciences

Graduate Diploma in Financial Technology programme

 

Who is eligible?

  • Singaporeans who are registered real estate salespersons with a minimum of 3 years of work experience in the estate agency industry.
  • Committed to broadening or deepening skills relevant to the industry.
  • Currently enrolled in or granted admission[1] into any of the supported courses. 
  • Must not have completed the course of study at the point of application.
  • Course fee must be more than $5,000.
  • Not a previous recipient of any SkillsFuture Study Award, or a recipient of a full sponsorship provided by a company, Government agency, or any other entity for the selected course.

[1] Applicants shall provide proof of admission to the selected course of study by 31 Dec 2020.

How to apply?

To apply for the SkillsFuture Study Award, visit the SkillsFuture Singapore (SSG) webpage  to submit your application online.

The application period for the SkillsFuture Study Award for the real estate agency industry closes on 30 October 2020. ‚Äč

Evaluation Process

All applicants will be evaluated on their suitability for the Award, based on their submitted applications. The evaluation process will begin after the closing date and successful applicants will be notified by 31 Jan 2021. The fulfilment of all eligibility criteria does not automatically guarantee that the applicant will be successful. Incomplete applications will be rejected. CEA reserves the right not to disclose the reasons for approving or rejecting any applications.

To find out more about the SkillsFuture Study Award for the real estate agency industry, visit the SSG webpage.

If you have other enquiries on the Study Award, email us at feedback@cea.gov.sg.

Frequently-asked questions

1) Will the SkillsFuture Study Award recipient be expected to serve a bond?

The award recipient will not need to serve a bond. However, he must complete his course of study within the maximum candidature period.

2) Do I need to be nominated by my employer for the SkillsFuture Study Award?

You do not need to be nominated by your employer for the SkillsFuture Study Award. Your application for the Study Award will be assessed based on the eligibility criteria.

3) What are the evaluation criteria for the SkillsFuture Study Award?

Applicants will be assessed based on the eligibility criteria set out above and the courses should be relevant to the needs of the real estate agency industry or job functions.

4) Is there a minimum course fee and duration to be eligible for the SkillsFuture Study Award?

The fee for the selected course must be more than S$5,000. Applicants can take reference from the list of supported courses provided above. However, the list is non-exhaustive and applicants may submit other courses for CEA’s consideration.

5) Can I receive the SkillsFuture Study Award more than once?

Each individual can only receive the Study Award once. This provides opportunities for more Singaporeans to benefit from the initiative.

6) Can I wait and see if I get the SkillsFuture Study Award first before I enroll for a course

Applicants should first identify, apply and be admitted into a supported course, and furnish proof of admission at the time of application. One of the eligibility criteria is that the applicant must be currently enrolled in or granted admission into the supported course. However, if you are unable to do so by the closing date for application, i.e. by 30 Oct 2020, you may furnish such proof by 31 Dec 2020.

7) What are the other courses supported and how much would they cost?

Courses that could be supported include courses in real estate and business-related areas, and data analytics. We will also consider courses in other areas, including advanced or higher diplomas, on a case-by-case basis. As courses are offered by different organisations, applicants will need to check with them directly on course fees and course registration details, after identifying the course you wish to enroll in.

8) I have met all the eligibility criteria, why did I not get the Award?

All applicants will be evaluated on their suitability for the Award, based on their submitted applications. Hence applicants who have met the eligibility criteria do not automatically qualify for the Award. CEA reserves the right not to disclose the reasons for approving or rejecting any applications.