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Your Guide to Property Agent Commissions in Singapore

Join our Telegram channel and follow our Facebook page for the latest property updates. Property agent commission is the payment given to real estate agents or agencies for their work in selling, buying, or renting properties. Singapore’s property agents/realtors have come a long way, from gavels to gadgets. Their evolution, marked by the 1995 merger of the Board of Valuers and Appraisers (BOVA) and Singapore Auctioneers and Estate Agents Association (SAEAA) into the CEA, prioritizes consumer protection through stricter licensing and training in a market transformed by technology. Do you Know🤔? According to CEA Singapore has 35252 property agents & 1090 property agencies as of 2024 Jan 1st. In the age of endless listings and instant online access, is there still a place for the traditional property agent? The answer, for many Singaporeans, is a resounding yes. Their historical evolution, from early auctioneers to today’s specialized professionals, highlights their enduring importance.

Why are property agents still important?

• Market Expertise: They navigate regulations, understand local trends, and give you the inside scoop.
• Negotiation ninjas: They fight for your best deal, protecting your finances like fierce advocates.
• Personalized touch: They tailor their approach to your needs, making your journey smooth and stress-free.
• Legal eagles: They navigate legal complexities and paperwork, saving you time and headaches.

Connected powerhouses:They leverage their network to source exclusive properties and connect you with the right people.

Property agent commission in Singapore for buying or selling

Here’s a quick look at the property agent fees in Singapore for buying and selling, organized by property type.

Property type

Buyer’s agent commission

Seller’s agent commission

HDB resale

Usually 1% commission

Usually 2% commission

Condominiums

No commission, seller’s agents split their commission with the buyer’s agent

In between 2 – 4 % commission

Landed properties

No commission, seller’s agents splits their commission with the buyer’s agent

Usually 2% commission

Commissions for rental agents in SG

Renting period

Commission

Above SGD 3,500 ($2,625) in rent with a two-year lease

One month’s rental price

Above SGD 3,500 ($2,625) in rent for a one-year lease

Half a month’s rental price

SGD 3,500 ($2,625) or below with a two-year lease

One month’s rental price

SGD 3,500 ($2,625) or below with a one-year lease

Half a month’s rental price

Ready to find your perfect rental property? Our experienced agents can guide you through the process and ensure you secure the best deal. Book a free consultation today!

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SELLING A HOME

Frequently Asked Questions

Got a question? We’ve got the answers. If you don’t see your question here, drop us a message. We’re happy to assist.

1. Can I transfer my HDB flat to my parents?

An HDB flat owner may change the flat ownership to his/her immediate family members such as spouse, parents, children, or siblings if it is due to reasons acceptable by HDB.

2. What is proof of ownership in HDB?

Proof of ownership in HDB (Housing & Development Board) typically includes documents such as the Certificate of Title or the Deed of Lease, which shows the ownership details of the flat.

3. Can husband and wife own one HDB each?

Regrettably, according to HDB regulations, married couples must jointly purchase an HDB flat as a family nucleus.

4. Can HDB have 2 owners?

Each flat can have up to 4 owners. If there’s more than one proposed owner, they need to decide how they’ll share ownership when ownership changes: either joint tenancy or tenancy-in-common.

5. Can a divorced couple keep an HDB?

One spouse might agree to transfer their share of the flat to the other, so the other can keep the flat.