The conventional agent commission for providing an HDB flat in Singapore is typically 2% with the transacted cost, While this price is negotiable and never lawfully preset. Some agencies, for example Ohmyhome and Homeseller, give reduce, mounted Fee fees, with some starting up as little as one% or a flat payment of $1,999. The commission is paid out by the vendor for their appointed agent, which rate covers A variety of companies, together with advertising the house, coordinating viewings, negotiating with probable potential buyers, and managing the mandatory HDB resale paperwork. For a flat sold at $600,000, a 2% Fee would amount to $12,000, while a one% rate would be $six,000, not including GST. It is a common practice for sellers to have interaction only one agent to stand for their pursuits, with the customer’s agent, if just one is applied, generally obtaining a part of the seller's commission via a co-broking arrangement. On top of that, sellers should really be familiar with other read more probable expenditures, for example authorized charges and the HDB resale levy.