Sometime last year, my family and I moved house from an HDB resale flat in the Northeast to an HDB flat that was more central.
Just as we were about to engage a property agent for our HDB flat purchase, I met a friend of mine and told him about our plans to do so.
This was a turning point, as my friend strongly advised us to buy an HDB flat without an agent and save on the one per cent commission when you engage a property agent to buy a flat.
Although one per cent may not seem a lot, hear me out.
To get an idea of how much you can save, I took the average of the median prices for four-room HDB-flat in all the towns for Q2 2020.
The value I arrived at is $466,154, which means that you will save about $4,661.54 in property agent commission fees.
Imagine, this money can be used to renovate your home and build a mini cinema room in your house....