The standard agent commission for advertising an HDB flat in Singapore is typically 2% of your transacted value, Whilst this price is negotiable rather than lawfully fixed. Some companies, for instance Ohmyhome and Homeseller, provide reduced, fastened Fee prices, with some starting off as little as one% or perhaps a flat price of $one,999. The Fee is compensated by the vendor for their appointed agent, which fee covers A variety of expert services, together with advertising and marketing the residence, coordinating viewings, negotiating with opportunity buyers, and handling the necessary HDB resale more info paperwork. For any flat offered at $600,000, a 2% commission would sum to $12,000, although a 1% charge will be $6,000, not which includes GST. It really is a typical follow for sellers to interact just one agent to symbolize their interests, with the buyer’s agent, if 1 is utilized, frequently receiving a percentage of the vendor's Fee by way of a co-broking arrangement. Furthermore, sellers ought to concentrate on other possible costs, such as lawful expenses along with the HDB resale levy.