The standard agent commission for advertising an HDB flat in Singapore is typically two% of your transacted value, Whilst this charge is negotiable rather than lawfully fixed. Some companies, which include Ohmyhome and Homeseller, provide decrease, preset Fee prices, with some starting off as little as 1% or even a flat price of $one,999. The Fee is compensated by the vendor to their appointed agent, and this charge addresses A selection of expert services, including promoting the assets, coordinating viewings, negotiating with potential purchasers, and handling the required HDB resale paperwork. For the flat marketed at $600,000, a 2% commission would volume click here to $12,000, even though a 1% fee can be $6,000, not like GST. It can be a typical follow for sellers to interact an individual agent to depict their passions, with the buyer’s agent, if a single is employed, usually getting a portion of the vendor'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.