The normal agent commission for promoting an HDB flat in Singapore is usually two% from the transacted selling price, Even though this fee is negotiable instead of legally mounted. Some businesses, such as Ohmyhome and Homeseller, supply decreased, fixed commission charges, with a few setting up as low as 1% or possibly a flat cost of $one,999. The Fee 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 possible consumers, and dealing with the required HDB resale paperwork. For the flat marketed at $600,000, a two% Fee would volume to $twelve,000, when a one% fee might be $six,000, not which include GST. It can be a standard exercise for sellers to have interaction one agent to more info characterize their pursuits, with the client’s agent, if one particular is utilised, typically obtaining a part of the seller's Fee via a co-broking arrangement. Also, sellers really should know about other likely charges, for example legal fees and the HDB resale levy.