For many in Singapore, there are some decent career options, such as working for multinational companies, the government or banking industries, or public services. The thing about government agencies is that they tend to pay very well, but the work is not glamorous, it may not even be fun.
A winning trend for many is to become an entrepreneur and start their own business. Even then, rarely will someone choose a business to start in a trade as a plumber because of the massive work involved in not only the plumbing end of the business, but in building the business in the first place. If one set up a plumbing business correctly, one would probably prosper in it!
Many think that the profession of a plumber, both owning a company and working as a plumber respectively, are low wages, but they are wrong. This article hopes to highlight some of the best features of being a Singaporean plumber and how supply and demand play into the equation to make it one of the highest paying jobs you can have in Singapore. I hope your perception (if being a Singaporean plumber is not a good job at all) is one of virtually untapped hope and potential!
Going by the numbers, there were approximately 1,119,600 (according to Statistics Singapore) households in Singapore in 2009. In 2010 there was an incredible real estate boom that brought in many more houses and it didn’t even stop there. In 2011 and well into 2012 the boom will continue. What does this mean for Singaporean plumbers?
A lot actually. In the current markets statistics alone, there is enough work for tens of thousands of plumbers and the demand for plumbers is actually outpacing the supply of available qualified plumbers. This is likely because “this is not a glamorous job” but if you think about it, the money is where the work flows, pardon the pun.
It is estimated that 1% (12k+ homes) or more of those homes will need DAILY plumbing attention (not every home every day, but there is enough demand on that day to justify the need for many more plumbers!). This isn’t even counting the normal plumbing demands on new construction projects (standard installs, etc.), on city businesses that have a plumbing case from time to time (but with so many people that it can translate to a lot of plumbing cases needing attention)! That’s a lot of market and there aren’t enough plumbers. If you are looking for a career that is ripe for making money, this is it.
Singapore has a strict and enforced law that no one can practice plumbing without a license. Did you know that even though the number of household, business, and plumbing jobs combine at over 12,000 cases a year (or much more), there are actually only 800 outraged plumbers there! This could mean a few things:
- The demand for plumbers is highly concentrated and could be overwhelming. This is good for the plumber who has an endless supply of work, and if the plumber chooses, he can increase his rates to reduce the workload, an effective way to take advantage of supply and demand.
- There are many homes, businesses, and construction projects without a plumber. This could mean loss of money (if a business can’t run because of a plumbing problem, you lose money, if you can’t leave the house because you’re afraid water will fill the house and destroy your property, you lose wages from work) . Simply put, if there aren’t enough plumbers to do the job, there could be a lot of problems!
- All the plumbers are trying to take most or only the commercial contracts because they pay better (they will probably repossess all available plumbers competing fiscally). This means a shaky community when it comes to plumbing. If too many people are left without plumbing services, it could spell national trouble at large.
One thing to consider when it comes to becoming a Singapore plumber is that the average annual salary is between $10,000 and $17,000, a much higher salary than most professions in Singapore! Plumbers are in such high demand that the job itself is similar to the value Americans place on becoming a doctor! In a way, you’re a plumber doctor, and the salaries they earn are on par with a real doctor (in Singapore salary comparisons). Many are comparing the salaries of high-level executives to what Singaporean plumbers could earn!
You may not be able or interested in performing a kidney transplant or plastic surgery, but anyone with a little training and some experience becomes a plumber and it doesn’t take 9 years of grueling college courses and highly obsessive markets. competitive to get there. – they need you now actually – and they need you very much. Isn’t this the goal of any business? Have people knocking on your door for your services to the extent that you can name your prices?
The next time you see a plumber in Singapore, don’t be fooled by their wardrobe, they don’t dress like executives due to the very nature of the job, it can be a very messy and dirty job, which is why they wear overalls. most of the time, but they’re not on the bottom rung of the job ladder, far from it!