The common agent Fee for offering an HDB flat in Singapore is often 2% on the transacted price, Despite the fact that this rate is negotiable and never lawfully preset. Some companies, for example Ohmyhome and Homeseller, give reduce, mounted Fee rates, with some starting up as little as one% or a flat payment of $1,999. The Fee 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 potential buyers, and handling the necessary HDB resale paperwork. click here To get a flat offered at $600,000, a 2% commission would quantity to $12,000, whilst a 1% price could be $6,000, not such as GST. It really is a common apply for sellers to engage a single agent to signify their interests, with the customer’s agent, if one is used, often acquiring a percentage of the vendor's commission through a co-broking arrangement. In addition, sellers should be aware of other potential prices, which include lawful costs as well as the HDB resale levy.