The standard agent commission for selling an HDB flat in Singapore is usually two% from the transacted rate, Though this level is negotiable and never lawfully fixed. Some companies, for instance Ohmyhome and Homeseller, provide decrease, preset commission charges, with a few starting as low as 1% or possibly a flat rate of $one,999. The commission is paid by the seller to their appointed agent, and this price handles An array of solutions, like marketing the home, coordinating viewings, negotiating with likely prospective buyers, and managing the mandatory HDB resale paperwork. For a flat sold at $600,000, a 2% Fee would amount to $12,000, while a check here 1% rate could be $6,000, not such as GST. It's a common practice for sellers to engage a single agent to represent their interests, with the customer’s agent, if a person is made use of, often acquiring a percentage of the vendor's commission through a co-broking arrangement. Additionally, sellers should be aware of other potential prices, which include lawful costs as well as the HDB resale levy.