The normal agent Fee for offering an HDB flat in Singapore is often 2% of your transacted value, Whilst this charge is negotiable instead of legally set. 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 residence, coordinating viewings, negotiating with potential consumers, and dealing with the required HDB resale paperwork. For your flat bought at $600,000, a two% Fee would amount of money to $twelve,000, while a one% rate could be $6,000, not which includes GST. It truly is a typical follow for sellers to interact an individual agent to depict their passions, with the client’s agent, if one particular is utilised, typically obtaining a part of the seller's commission via a co-broking arrangement. On top of that, sellers should really be aware of other opportunity prices, which include lawful expenses along with the HDB resale more info levy.