The typical agent commission for selling an HDB flat in Singapore is usually two% in the transacted rate, Though this amount is negotiable and not legally mounted. Some organizations, such as Ohmyhome and Homeseller, supply decreased, fixed commission costs, with a few starting as low as 1% or possibly a flat rate of $one,999. The commission is paid by the seller to their appointed agent, and this payment addresses A selection of services, such as internet marketing the property, coordinating viewings, negotiating with prospective customers, and dealing with the required HDB resale paperwork. For just a flat bought at $600,000, a two% Fee would amount of money to $twelve,000, though a one% level could well be $six,000, not together with GST. It is a standard observe for sellers to have interaction only one agent to stand for their pursuits, with the customer’s agent, if a person is made use of, normally obtaining check here a part of the seller's commission through a co-broking arrangement. Additionally, sellers should be familiar with other opportunity prices, for instance authorized costs as well as the HDB resale levy.