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1.I intend to sell my flat, and buy another resale flat, who should bear the valuation report fee for both flats? what if I engage only 1 agent for the whole buy & sell matters.
2. I need to pay commission for the service, should I pay the GST too. thks
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2 Answers

Morning Cactus,

For the sales, your salesperson can assist you on the valuation report. It's easier to sell as buyer can work on the cash component. The buyer will eventually buy over the report as so to facilitate dispersement of loan and CPF monies.

Hence for the purchase, you will need to pay for it, once you pay the Option fee, unless you intend to pay fully via cash.

It's definitely better to engage a salesperson, as your sole agent, not necessary exclusive though. He can have better control over your selling price and advice better, that's provided you are willing to digest it. For purchase, being your salesperson, bring you around for viewing will allow him to understand your real needs and desire, thus getting a better matching unit.

As for GST payable on commission, it's a government ruling that all services and products traded on Singapore land are due for GST. You can definitely nego on the commission payable, but unlikely to skip GST totally.

FYI
Mike Lim
 96929209 
ERA Read More
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Hi Cactus,

The purchaser of HDB flat will pay for the valuation report.

It is best to engage one agent for the buy/sell process. The agent can understand your requirement and coordinate the buying/selling process accurately.

If the agent company is GST-registered, then you need to pay GST for the commission. But of course, it is negotiable.

Appreciate you can call me at 98628691  to discuss.

Thanks,
Ander ERA Read More
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