The normal agent commission for selling an HDB flat in Singapore is often 2% with the transacted value, Whilst this price is negotiable rather than lawfully set. Some businesses, which include Ohmyhome and Homeseller, provide decreased, preset commission charges, with a few starting as low as 1% or maybe a flat rate of $1,999. The commission is paid by the seller to their appointed agent, which cost handles a range of providers, which include advertising the house, coordinating viewings, negotiating with probable potential 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 can be $six,000, not like GST. It can be a standard exercise for sellers to have interaction one agent to characterize their pursuits, with the client’s agent, if just one is applied, normally acquiring a part of the vendor's commission through a co-broking arrangement. In addition, sellers ought to concentrate on other possible costs, such as lawful expenses plus the agent commission for selling hdb 90 23 HDB resale levy.