The normal agent commission for promoting an HDB flat in Singapore is usually two% from the transacted selling price, Even though this fee is negotiable instead of legally mounted. Some businesses, such as Ohmyhome and Homeseller, supply decreased, fixed commission charges, with a few setting up as low as 1% or even a flat cost of $one,999. The Fee is compensated by the seller to their appointed agent, and this payment addresses A selection of products and services, such as promoting the assets, coordinating viewings, negotiating with potential purchasers, and dealing with the required HDB resale paperwork. For the flat marketed at $600,000, a two% commission would volume to $12,000, even though a 1% fee can be $six,000, not like GST. It can be a typical exercise for sellers to interact an individual agent to depict their passions, with the client’s agent, click here if a single is employed, typically getting a portion of the seller's Fee by way of a co-broking arrangement. Moreover, sellers need to pay attention to other prospective fees, like legal service fees as well as HDB resale levy.