The conventional agent commission for selling an HDB flat in Singapore is often 2% with the transacted value, although this fee is negotiable and not legally preset. Some agencies, for instance Ohmyhome and Homeseller, provide decreased, fixed commission premiums, with some commencing as little as one% or even a flat cost of $one,999. The commission is paid by the seller for their appointed agent, which fee covers A selection of services, which includes advertising the residence, coordinating viewings, negotiating with opportunity purchasers, and dealing with the required HDB resale paperwork. For just a flat bought at $600,000, a two% Fee would quantity to $12,000, although a 1% fee might be $six,000, not together with GST. It is a common practice for sellers to engage just one agent to symbolize their interests, with the buyer’s agent, if a single is utilised, generally obtaining a part of the seller's commission through a co-broking arrangement. In addition, sellers ought website to concentrate on other prospective expenses, including legal fees and the HDB resale levy.