The conventional agent commission for advertising an HDB flat in Singapore is usually two% of the transacted price tag, although this fee is negotiable instead of legally mounted. Some businesses, such as Ohmyhome and Homeseller, offer you lessen, fixed commission costs, with a few beginning as low as one% or simply a flat charge of $1,999. The commission is paid out by the vendor for their appointed agent, which fee covers A variety of expert services, including advertising and marketing the assets, coordinating viewings, negotiating with potential consumers, and dealing with the required HDB resale paperwork. For the flat marketed at $600,000, a two% Fee would total to $twelve,000, though a one% level would be $six,000, not including GST. It's a common practice for sellers to engage a single agent to signify their interests, read more with the buyer’s agent, if one is utilized, frequently receiving a portion of the vendor's Fee by way of a co-broking arrangement. Moreover, sellers need to pay attention to other likely fees, including legal fees and the HDB resale levy.