The conventional agent commission for selling an HDB flat in Singapore is usually two% from the transacted selling price, Even though this amount is negotiable and not legally fastened. Some organizations, including Ohmyhome and Homeseller, present lower, set Fee fees, with some starting up as little as one% or a flat payment of $one,999. The Fee is compensated by the vendor for their appointed agent, and this charge addresses A selection of products and services, read more such as internet marketing the property, coordinating viewings, negotiating with possible customers, and dealing with the required HDB resale paperwork. For your flat bought at $600,000, a two% Fee would amount of money to $twelve,000, while a one% rate could be $6,000, not such as GST. It really is a common apply for sellers to engage just one agent to symbolize their interests, with the buyer’s agent, if 1 is utilized, usually getting a portion of the vendor's Fee by way of a co-broking arrangement. Moreover, sellers need to know about other likely charges, including legal fees and the HDB resale levy.