The standard agent Fee for providing an HDB flat in Singapore is typically 2% of your transacted value, Whilst this price is negotiable rather than lawfully fixed. Some companies, for instance Ohmyhome and Homeseller, offer reduced, fastened Fee prices, with some starting off as little as one% or perhaps a flat price of $one,999. The Fee is compensated by the vendor for their appointed agent, which fee covers A variety of expert services, together with advertising and marketing the residence, coordinating viewings, negotiating with opportunity buyers, and handling the necessary HDB resale paperwork. To get a flat offered at $600,000, a 2% commission would quantity to $12,000, whilst a 1% price will be $6,000, not which includes GST. It truly is a typical follow for sellers to interact just one agent to symbolize their interests, with the buyer’s agent, if one is utilized, frequently receiving a percentage of the vendor's Fee by way of a co-broking arrangement. In addition, sellers ought to concentrate on other possible costs, such as click here lawful expenses along with the HDB resale levy.