The common agent Fee for providing an HDB flat in Singapore is typically two% from the transacted selling price, Though this level is negotiable and never lawfully fixed. Some companies, which include Ohmyhome and Homeseller, supply lessen, set commission fees, with some starting up as little as 1% or even a flat cost of $one,999. The commission is paid by the seller for their appointed agent, which rate covers A variety of expert services, including promoting the assets, coordinating viewings, negotiating with possible customers, and managing the mandatory HDB click here resale paperwork. For a flat sold at $600,000, a 2% commission would sum to $12,000, even though a one% amount could well be $six,000, not together with GST. It is a common practice for sellers to engage just one agent to symbolize their interests, with the buyer’s agent, if 1 is employed, typically getting a part of the seller's commission via a co-broking arrangement. On top of that, sellers should be aware of other potential costs, such as lawful expenses plus the HDB resale levy.