The common agent Fee for offering an HDB flat in Singapore is often 2% on the transacted price, Despite the fact that this level is negotiable and never legally fastened. Some agencies, including Ohmyhome and Homeseller, present lower, set Fee premiums, with a few commencing as little as one% or simply a flat charge of $1,999. The commission is paid out by the vendor for their appointed agent, which fee covers A variety of providers, which includes marketing and advertising the residence, coordinating viewings, negotiating with prospective prospective buyers, and managing the mandatory HDB resale paperwork. For your flat bought at $600,000, a two% Fee would amount to $twelve,000, while a 1% price will be $6,000, not which includes GST. It truly is a typical exercise for sellers to interact one agent to characterize their pursuits, with the client’s agent, if just one is applied, normally acquiring a percentage of the vendor's commission through a co-broking arrangement. In addition, sellers ought to concentrate on other possible expenses, like click here lawful service fees plus the HDB resale levy.