The conventional agent Fee for providing an HDB flat in Singapore is typically 2% with the transacted cost, While this rate is negotiable and never lawfully preset. Some agencies, for example Ohmyhome and Homeseller, give reduce, mounted 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 range of companies, which include marketing and advertising the residence, 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 quantity to $12,000, whilst a 1% price could be $6,000, not such as GST. It really is a common apply for sellers to engage just one agent to signify their interests, with the customer’s agent, if one is used, often receiving a percentage of the vendor's commission through a co-broking arrangement. In check here addition, sellers should be aware of other potential prices, which include lawful costs as well as the HDB resale levy.