The conventional agent commission for advertising an HDB flat in Singapore is typically two% from the transacted selling price, Though this level is negotiable and never lawfully preset. Some companies, for instance Ohmyhome and Homeseller, provide decrease, preset commission costs, with a few beginning as low as one% or simply a flat payment of $1,999. The Fee is compensated by the vendor to their appointed agent, and this payment addresses An array of solutions, like advertising the house, coordinating viewings, negotiating with probable potential buyers, and handling the necessary HDB resale paperwork. For any flat offered at $600,000, a 2% commission would volume to $twelve,000, when a one% level would be $six,000, not including GST. click here It's a common apply for sellers to engage just one agent to symbolize their passions, with the buyer’s agent, if a single is utilised, typically obtaining a part of the seller's commission via a co-broking arrangement. On top of that, sellers should be aware of other potential costs, such as lawful expenses plus the HDB resale levy.