Real Estate Agent Commission Rate

property agent commission singapore

How much does it cost to hire a Property Agent in Singapore? 

In Singapore, The Council of Estate Agents ( the Stat Board licensing agents and agencies in Singapore) does not set a fixed price for the agents Commission. This is negotiated between the agent and the client. The table below shows the current market rate agents charge.

You are the BUYER who hired an agent.You are the SELLER who hired an agent.You are the Tenant who hired an AgentYou are the Landlord who hired an agent.
You are the BUYER who hired an agent.You are the SELLER who hired an agent.You are the Tenant who hired an AgentYou are the Landlord who hired an agent.
HDB Flats1% of the purchase price of the flat, excluding GST. For GST-Registered Companies, your agent will collect a 7% GST payment as well. 2% of the selling price of the flat, excluding GST. For GST-Registered Companies, your agent will collect a 7% GST payment as well. Usually for rentals, it depends on the rent to be paid, regardless of it being a HDB or a private property. If the rent is lesser than $3500 and you hired an agent to source for properties for you, you can be charged 1/2 month - 1 month fees as commission. If you contact an agent who is listing a property, you do not need to pay any commission. Between 1/2 to 1 month commission, excluding GST.
Private Properties like Apartments, Condominiums and Landed Properties etc. Buyers do not need to pay any commission for hiring an agent. The agent will share the commission from the seller with the sellers agent. 2% of the selling price of the property. The seller's agent would have to then share that with the buyers agent. Usually for rentals, it depends on the rent to be paid, regardless of it being a HDB or a private property. If the rent is lesser than $3500 and you hired an agent to source for properties for you, you can be charged 1/2 month - 1 month fees as commission. If you contact an agent who is listing a property, you do not need to pay any commission. Between 1/2 to 1 month commission, excluding GST.

Similarly, that is the rates that our teams start at. However, consultation is absolutely FREE.

Our Consultation services includes:

  • Financial Calculations about the sale and the purchase of your new property.
  • A detailed SRX report about your current property and the properties on sale in your neighbourhood.
  • Recent transacted prices in the area/ development that you intend to purchase (buying the most expensive property in the area is always a bad idea for capital appreciation).

If you are still undecided about hiring an agent, you might want to read our article, ” Should i hire a property agent. 

Feel free to email us at askus@propertyrocking.com or SMS/WhatsApp/ Call us at 96918885 if you are unsure of your property plans, whether it’s short term or long term.

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Siti Zubeidah is a Marketing Director with ERA Realty Network Pte Ltd. (CEA No.: R050625J) She has a Bachelors Degree in Informations Communications and Sociology from the National University of Singapore (NUS) and a Masters of Mass Communications from Nanyang Technological University (NTU). With vast experience in the HDB market, Private and Landed Properties in Singapore, she is confident that she can assist you to make the correct decision regarding the purchase of your dream home as well as to get you the best price on the sale of your property. She can be contacted at 96918885 or at askus@propertyrocking.com.