The normal agent Fee for providing an HDB flat in Singapore is typically two% from the transacted selling price, Even though this level is negotiable rather than lawfully set. Some organizations, like Ohmyhome and Homeseller, offer you lower, mounted Fee prices, with some starting as low as 1% or maybe a flat charge of $1,999. The Fee is compensated by the vendor to their appointed agent, and this payment handles An array of providers, which include marketing and advertising the residence, coordinating viewings, negotiating with opportunity consumers, and dealing with the required HDB resale paperwork. For just a flat sold at $600,000, a 2% commission would quantity to $12,000, although a 1% fee might be $six,000, not together with GST. It's a common apply for sellers to engage just one agent to depict their passions, with the client’s agent, if one particular is applied, normally acquiring a more info percentage of the vendor's Fee by way of a co-broking arrangement. Moreover, sellers need to know about other likely charges, for instance authorized costs as well as the HDB resale levy.