The conventional agent commission for providing an HDB flat in Singapore is typically 2% in the transacted price, While this charge is negotiable and not legally preset. Some organizations, for instance Ohmyhome and Homeseller, supply reduce, fixed commission prices, with a few starting up as low as 1% or perhaps a flat fee of $1,999. The commission is paid out by the vendor to their appointed agent, and this fee addresses An array of expert services, like marketing and advertising the assets, coordinating viewings, negotiating with prospective more info buyers, and handling the required HDB resale paperwork. For just a flat sold at $600,000, a two% Fee would sum to $12,000, when a one% rate will be $6,000, not which include GST. It is a common follow for sellers to interact one agent to represent their interests, with the buyer’s agent, if 1 is utilised, generally acquiring a part of the seller's commission via a co-broking arrangement. In addition, sellers must pay attention to other probable expenditures, which include authorized costs as well as the HDB resale levy.