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HDB Questions

Asked by Mr. Patrick Wong 15 Sept 2015

I am considering to engage an agent in searching and buying a resale HDB. My search criteria are 5-rooms HDB (preferably over 1,200 sqf), near MRT station (i.e. within 500 meters), and preferably in the Central district.
What is a reasonable commission rate to pay? Is that negotiable if the value of the property is high (i.e. ~$0.9-1.0 million)?

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9 Answers

Previously Asked Questions

Ivan Ng · Answer 1 · 2015-09-15T18:03:23+08:00

Ivan Ng

Replied 15 Sept 2015

Hi Mr. Patrick,

The market rate is 1%+GST for a professional assignment, but it is negotiable. More importantly it is to find 1 agent who can understand your requirements and be committed to help you achieve your objectives and protect your interests. Thanks and hope to have the opportunity to value-add to your housing plans.

Warm regards
Ivan ERA
97432395
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

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PW

Mr. Patrick Wong

Replied 16 Sept 2015

Hi,
I have a good sense of what I want already. In fact, I already had a few viewings and shortlisted a couple that I intend to make offer.
Having said that, my case should be relatively straight-forward and a quick close. An agent can add value by negotiating with the seller agent, and more importantly completing the paperwork (I understand from HDB online that it’s a fair amount.)
My primary concern comes down the pricing of commission. I think it should be competitive, but at the same time allow the agent to make a living.
Please let me know what you can offer. Thanks!

D. Kumar · Answer 2 · 2015-09-15T18:28:45+08:00

D. Kumar

Replied 15 Sept 2015

Hi Mr Wong,

Thanks for your query!
The standard commision rate is 1%+ GST. However, I always believe client's priority and welfare comes before fees. Perhaps you could chat further to ascertain a working relationship to understand your needs and stay commited to delivering a hassle free and profitable transaction. Do visit my website for my latest awards and testimonials @ www.kumarrai.com. Thanks!

D Kumar
+65 96659926
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top1% of ERA)
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P Group
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CK Ang · Answer 3 · 2015-09-15T19:14:55+08:00

CK Ang

Replied 15 Sept 2015

Hi Patrick,
Generally HDB buyer pay 1% + GST of purchase price as agent commission. Commission can be discuss later if the property cost so much. Most importantly, my job is to assist you to find a property that matches your requirements and you feel good on the property.

To assist and discuss more in details, kindly drop me an email for me share.

I can be contactable at my mobile or email.

CK Ang
9046 3808
res.ckang@gmail.com Read More

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Mike Lim · Answer 4 · 2015-09-15T20:10:12+08:00

Mike Lim

Replied 15 Sept 2015

Evening Patrick,

With your budget, you can look at units around Tanjong Pagar, Rochor, Outram and even Telok Blangah area.

Do contact me further for detail discussion.

Regards
Mike Lim
96929209
m52i@yahoo.com
ERA Read More

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Angela Chua 蔡斯琪 · Answer 5 · 2015-09-16T08:53:24+08:00

Angela Chua 蔡斯琪

Replied 16 Sept 2015

Hi Patrick,

Market practice is 1%+GST. However this is negotiable between the agent and you.

Feel free to contact me if you need further assistance in the purchase of your flat.

Thank you.

Angela Chua
Propnex Realty Pte Ltd
H/P: 9323 3330 Read More

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PW

Mr. Patrick Wong

Replied 16 Sept 2015

Hi,
I have a good sense of what I want already. In fact, I already had a few viewings and shortlisted a couple that I intend to make offer.
Having said that, my case should be relatively straight-forward and a quick close. An agent can add value by negotiating with the seller agent, and more importantly completing the paperwork (I understand from HDB online that it’s a fair amount.)
My primary concern comes down the pricing of commission. I think it should be competitive, but at the same time allow the agent to make a living.
Please let me know what you can offer. Thanks!

Nick Tan · Answer 6 · 2015-09-16T15:21:06+08:00

Nick Tan

Replied 16 Sept 2015

Hi Mr Wong,

The standard market commission is 1% of the property price. But as you mentioned that you have already shortlisted some units, the amount of work on my end will be lesser.

For such a case, I will be able to give you some professional opinions on the units you have shortlisted, negotiate a best price for you and handle the paper work. As for the commission, it is open for discussion.

Do contact me so that we can discuss further.

Nick Tan
B.Eng(Chemical)(Hons)(NUS)
(M) 9644 4854
(E) nicktan@propertyavenue.com.sg
(W) www.nick-tan.com

Property Avenue Pte Ltd
Follow our Facebook Page to receive 24/7 updated real estate information.
https://www.facebook.com/propertyavenuesg Read More

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Jeffrey Heng · Answer 7 · 2015-09-16T15:50:05+08:00

Hi Mr Patrick,

Thanks for posting in Propertyguru.

As mentioned by a lot of gurus over here, the standard commission is 1% of the purchase price. Basically a house purchase is not really just about searching for a house and than just making an offer for it. There are many factors to consider and seriously in a house purchase, the last thing that we want to do, is to make an impulse purchase. Seriously one may think that in such a big purchase, it is impossible that an impulse decision will be made but I have to say that over our years of serving clients, we have seen many people making that mistake. When we took over the house to sell, there were tons of objections that surfaced which would not have existed if those concerns were being surfaced during the house viewing. In the one million HDB flats that exists in Singapore, sad to say there are many which we classify under those under the Cannot Buy Category. And this is what makes the whole searching and viewing process so important.

If you are ok, then maybe I can suggest that we can meet up for a chat on this. We will share with you on how we serve our clients and what are the things we do for our clients. Over time we have served quite a number of clients in their sale and purchase and many have left testimonials for me. You may take a look at my testimonials on my website, www.jeffreyheng.com. I believe I will be able to provide the same level of service to you and hopefully even better. I was also very honoured to have won the Silver Award for the SAEA Best Client Service Award at the National Real Estate Congress.

Looking forward to hear from you soon! Cheers!

Best Regards,

Jeffrey Heng
Branch Division Director
ERA Realty Network Pte Ltd
SAEA Real Estate Excellence Silver Award - Best Client Service
(2014)
SAEA Real Estate Excellence Award Nominee - Best Client Service
(2012/2013)

Mobile : +65 9858 1322
Email : hengjeffrey@gmail.com
Web : www.jeffreyheng.com Read More

YT Tan (陈永达) · Answer 8 · 2015-09-17T11:37:15+08:00

YT Tan (陈永达)

Replied 17 Sept 2015

Good morning Patrick,

Standard commission for HDB purchase is 1% of purchase price. But nevertheless we can discuss further on this but what's the percentage/ amount that you have in mind?

Btw I recently assisted a Malaysian SPRs with their 5rm HDB purchase at Yew Tee. Awesome price for a high floor unit.

This is their testimonial:
"YT had displayed his professionalism to assist me to find and purchase a 5RM unit. HE was very patient in arranging viewing, proactive and resourceful by keep showing us new units and all is within budget and criteria that we had set.

YT is knowledgeable and always look out for out best interest, he is someone that you can trust and rely. My sincere gratitude to YT, great job."

If you need any assistance or advice in your property purchase, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More

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GAN ENG JOO ONASSIS · Answer 9 · 2015-09-23T23:03:54+08:00

GAN ENG JOO ONASSIS

Replied 23 Sept 2015

Hi Patrick,

Re: One Stop Services for SG properties

We can assist you based upon your stated contents and walk you through the entire process.

Tell us more about your requirements and locations, we can explore further in detail.

We are contactable at 92222389 or onassis@sgrealtor.com.

Onassis Gan Eng Joo - CEA Reg No.: R021244C
CES Certified SG Realtor l SGRealtor.com
agent.myweb.sg (PropertyGuru) / agent.irealtor.sg (iProperty)

SG Hotline: +65 9222 2389
Email: Onassis@sgrealtor.com
Skype: incomecare

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