The conventional agent commission for advertising an HDB flat in Singapore is usually two% from the transacted selling price, Though this level is negotiable and never legally preset. Some agencies, for example Ohmyhome and Homeseller, offer reduced, preset Fee charges, with a few setting up as low as 1% or possibly a flat rate of $1,999. The commission is paid out by the vendor for their appointed agent, which rate covers A variety of expert services, including promoting the assets, coordinating viewings, negotiating with possible customers, and dealing with the required HDB resale paperwork. For just a flat bought at $600,000, a two% Fee would amount to $12,000, while a 1% price 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 client’s agent, if one particular is applied, generally obtaining a here part of the seller's commission through a co-broking arrangement. Additionally, sellers ought to be aware of other possible expenses, like legal service fees as well as HDB resale levy.