The regular agent commission for promoting an HDB flat in Singapore is usually two% in the transacted rate, Though this amount is negotiable and not legally fastened. Some organizations, including Ohmyhome and Homeseller, present lower, mounted Fee fees, with some commencing as little as one% or a flat charge of $1,999. The commission is paid out by the vendor for their appointed agent, which fee covers A variety of companies, together with marketing and advertising the house, coordinating viewings, negotiating with probable buyers, and handling the necessary HDB resale paperwork. For any flat offered at $600,000, a 2% commission would sum to $12,000, although a 1% charge can be $6,000, not like more info GST. It truly is a typical follow for sellers to interact an individual agent to depict their passions, with the buyer’s agent, if a single is employed, usually getting a portion of the seller's Fee by way of a co-broking arrangement. Moreover, sellers need to pay attention to other likely charges, including legal fees and the HDB resale levy.