The conventional agent Fee for providing an HDB flat in Singapore is typically two% of the transacted price tag, although this fee is negotiable instead of legally mounted. Some organizations, like Ohmyhome and Homeseller, offer you lessen, set commission premiums, with a few commencing as low as one% or simply a flat charge of $1,999. The commission is paid out by the vendor for their appointed agent, which rate covers a range of companies, which include marketing and advertising the residence, coordinating viewings, negotiating with opportunity buyers, and handling the necessary HDB resale paperwork. For any flat offered at $600,000, a 2% commission would sum to $12,000, although a 1% charge will be $6,000, not which includes GST. It truly is a typical follow for sellers to interact an individual agent to depict their passions, with the buyer’s agent, if a single is employed, usually getting a more info portion of the seller's Fee by way of a co-broking arrangement. Moreover, sellers need to pay attention to other likely fees, including legal fees as well as HDB resale levy.