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Your Guide to Property Agent Commissions in Singapore

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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 typeBuyer’s agent commissionSeller’s agent commission
HDB resaleUsually 1% commissionUsually 2% commission
CondominiumsNo commission, seller’s agents split their commission with the buyer’s agentIn between 2 – 4 % commission
Landed propertiesNo commission, seller’s agents splits their commission with the buyer’s agentUsually 2% commission

Commissions for rental agents in SG

Renting periodCommission
Above SGD 3,500 ($2,625) in rent with a two-year leaseOne month’s rental price
Above SGD 3,500 ($2,625) in rent for a one-year leaseHalf a month’s rental price
SGD 3,500 ($2,625) or below with a two-year leaseOne month’s rental price
SGD 3,500 ($2,625) or below with a one-year leaseHalf 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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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.

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.

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.

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

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.

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