The typical agent Fee for marketing 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 agencies, for example Ohmyhome and Homeseller, give reduce, mounted Fee rates, 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 rate covers a range of companies, which include advertising 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 $twelve,000, while a one% level would be $six,000, not including GST. It is a common practice for sellers to check here have interaction only one agent to represent their pursuits, with the customer’s agent, if just one is made use of, normally acquiring a percentage of the seller's commission through a co-broking arrangement. Additionally, sellers should be aware of other opportunity prices, which include authorized costs as well as the HDB resale levy.