The normal agent Fee for offering an HDB flat in Singapore is usually two% from the transacted selling price, Even though this fee is negotiable instead of legally mounted. Some organizations, like Ohmyhome and Homeseller, offer you lessen, set commission premiums, with a few beginning as low as one% or simply a flat charge of $1,999. The commission is paid out by the vendor for their appointed agent, which rate covers A variety of companies, together with marketing and advertising the click here residence, coordinating viewings, negotiating with opportunity buyers, and handling the necessary HDB resale paperwork. For any flat offered at $600,000, a 2% commission would volume to $12,000, even though a one% fee might be $six,000, not which include GST. It is actually 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, often acquiring a part of the vendor's Fee through a co-broking arrangement. Also, sellers ought to know about other possible expenses, like lawful service fees plus the HDB resale levy.