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Singapore Real Estate
Agents Commission

This commission guide is for those who wish to engage the professional service of Singapore real estate agent to assist in selling, buying, renting, etc of Singapore properties. One should note that it is by no means rigid, standardised in all cases, and it depends on the service level provided by the agents. It is also subject to change from time to time depending on the market condition. www.homebiznez.com or its representatives give no warranty, guarantee or other representation about the accuracy of the information and accept no liability for any loss or damage which may arise from reliance on it.

Private Properties Sales - Singapore

Vendor : 1% - 2% of Sale Price
(deduct from sale proceeds at completion of sale of property)

Purchaser : Nil - 1% of Sale Price (as finding fee)
(50% at point of placing deposit for purchase of property & remaining 50% at completion of sale documentation.

No commission shall be collected by one agency from both vendor & purchaser in the same transaction without prior knowledge or written consent of the vendor & purchaser of property.

Singapore HDB Resale Flats

Vendor : 1% - 2% of Sale Price

Purchaser : 1% of Sale Price (as service fee)

1. Commission payable at 1st appointment or completion date.
2. For Direct transaction by agent : agent collect commission from     both vendor and purchaser.
3. For Co-broke transaction : vendor's agent collect commission  from vendor and Purchaser's agent from purchaser.

No commission shall be collected by one agency from both vendor & purchaser in the same transaction without prior knowledge or written consent of the vendor & purchaser of property.

Private Properties Rental - Singapore

Landlord : 1 month's gross rental
(1 month's gross rental for lease between 12months to 24months, plus additional 1/2 month for every subsequent 12months' lease. 1/2 month's gross rental for lease less than 12months.)

Tenant : 1/2 month's gross rental (as service fee)
(applicable for rental 2,500 & below per month)

1. Payment upon execution of tenancy agreement.
2. For Co-broke transaction ($2500 & below ) : landlord's agent collect commission  from landlord and tenant's agent from tenant. If rent is above $2500, landlord's agent shall pay 1/2 to co-broking agent.

No commission shall be collected by one agency from both landlord & tenant in the same transaction without prior knowledge or written consent of the landlord & tenant, if the gross rental is above $2500 per month.

Singapore HDB Flat / Room Rental

Landlord : 1 month's gross rental
(1 month's gross rental for lease between 12months to 24months, plus additional 1/2 month for every subsequent 12months' lease. 1/2 month's gross rental for lease less than 12months.)

Tenant : 1/2-1 month's gross rental (as service fee)
(1 month's gross rental for lease between 12months to 24months, and 1/2 month's gross rental for lease less than 12months.)

1. Payment upon execution of tenancy agreement.
2. For Co-broke transaction : landlord's agent collect commission  from landlord and tenant's agent from tenant.

No commission shall be collected by one agency from both landlord & tenant in the same transaction without prior knowledge or written consent of the landlord & tenant.

Assignment (all types of properties)

Assignor : 10% of assignment consideration or 1 month's gross rental, whichever is higher

Assignee : 5% of assignment consideration or 1/2 month's gross rental (as service fee) , whichever is higher

1. Payment upon completion of the assignment of property.
2. For Co-broke transaction : agents collect commission  from the respective clients.

No commission shall be collected by one agency from both assignor & assignee in the same transaction without prior knowledge or written consent of the assignor & assignee of property.

Management (all types of properties in Singapore)

Individual Unit : 10% of a gross monthly rental or $100.00 per month, whichever is higher

Management Corporation : by negotiation

1. Payment in advance upon receipt of rental from tenant, except management corporation, generally fee payable on accrued basis.

2. Claim disbursements from clients - for expenses incurred such as long distance calls, postage, stationery, transport cost, etc