The normal agent Fee for selling an HDB flat in Singapore is often two% with the transacted price tag, Despite the fact that this amount is negotiable instead of legally fixed. Some businesses, for example Ohmyhome and Homeseller, present lessen, fixed commission premiums, 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 promoting the assets, 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 total to $twelve,000, though a one% level would be $6,000, not including GST. It's a common apply for sellers to engage just one agent to signify their interests, 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. Furthermore, sellers need to pay attention to other prospective fees, here including legal fees and the HDB resale levy.