The regular agent commission for promoting an HDB flat in Singapore is usually two% in the transacted rate, Despite the fact that this rate is negotiable and never lawfully preset. Some companies, for instance Ohmyhome and Homeseller, offer decrease, preset Fee prices, with some setting up as low as 1% or possibly a flat rate of $one,999. The commission is paid by the seller to their appointed agent, which cost handles a range of providers, which include advertising the house, click here coordinating viewings, negotiating with probable buyers, and handling the necessary HDB resale paperwork. To get a flat offered at $600,000, a 2% commission would sum to $12,000, even though a 1% fee might be $six,000, not which include GST. It is actually a standard observe for sellers to have interaction only one agent to stand for their pursuits, with the customer’s agent, if a person is made use of, normally acquiring a percentage of the vendor's commission through a co-broking arrangement. In addition, sellers ought to concentrate on other possible costs, such as lawful service fees plus the HDB resale levy.