Agent commission for new condo launch from developers is 3-5% of the condo price

For new condo launches in Singapore, the agent commission can vary but generally follows some standard practices. Here are the key points:

- The commission for new condo launches can range from 2% to 4%, though it can sometimes be higher, depending on the negotiation between the agent and the developer or the seller.
- Typically, the seller or the developer pays the agent's commission, which can be split if there are co-broking arrangements involving both the seller's and buyer's agents.
- Starting from July 2024, under new guidelines from the Singapore Estate Agents Association (SEAA), buyers may also be asked to pay a buyer’s agent fee, though the exact percentage for new launches has not been specified but is anticipated to be around 0.5% to 1%.

In summary, while 3-5% is on the higher side, it is not uncommon for new launches to have commissions in the range of 2% to 4%, with the possibility of additional fees for buyers in the future.