The conventional agent Fee for marketing an HDB flat in Singapore is typically 2% with the transacted cost, While this price is negotiable rather than lawfully fixed. Some companies, for instance Ohmyhome and Homeseller, offer reduced, fastened Fee rates, with some starting up as little as one% or perhaps a flat payment of $one,999. The Fee is compensated by the vendor for their appointed agent, which fee covers A variety of expert services, together with advertising and marketing the residence, coordinating viewings, negotiating with opportunity 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 GST. It truly is a typical follow for sellers to interact an individual agent to symbolize their passions, with the buyer’s agent, if a single is employed, usually getting a portion of the vendor's Fee by way of a co-broking arrangement. Moreover, sellers need to pay attention to other prospective fees, like legal service fees as well as HDB more info resale levy.