The conventional agent commission for providing an HDB flat in Singapore is typically 2% of your transacted value, Whilst this charge is negotiable instead of lawfully set. Some businesses, such as Ohmyhome and Homeseller, supply decreased, fixed commission charges, with a few starting as low as 1% or possibly a flat rate of $one,999. The commission is paid by the seller to their appointed agent, and this price handles An array of solutions, which includes internet marketing the property, coordinating viewings, negotiating with possible customers, and dealing with the required HDB resale paperwork. For your flat bought at $600,000, a two% check here Fee would total to $twelve,000, when a one% amount could well be $six,000, not together with GST. It is a standard observe for sellers to have interaction only one agent to stand for their pursuits, with the customer’s agent, if just one is applied, generally obtaining a part of the seller's commission through a co-broking arrangement. On top of that, sellers should be familiar with other opportunity prices, which include authorized costs as well as the HDB resale levy.