The regular agent commission for promoting an HDB flat in Singapore is usually two% in the transacted rate, Though this level is negotiable and not legally fastened. Some agencies, including Ohmyhome and Homeseller, present lower, set Fee fees, with some commencing as little 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 variety of companies, click here together with marketing and advertising the house, coordinating viewings, negotiating with probable buyers, and handling the necessary HDB resale paperwork. To get a 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 symbolize their interests, with the buyer’s agent, if 1 is utilized, usually receiving a portion of the vendor's Fee by way of a co-broking arrangement. Furthermore, sellers must pay attention to other prospective expenses, like legal service fees plus the HDB resale levy.