Lawsuit against PropNex unit over alleged breach of duty of care and negligent misrepresentation dropped

[SINGAPORE] A case brought against a subsidiary of real estate company PropNex over alleged breach of duty of care and negligence has been dropped by its originators.

In a bourse filing on Thursday (Apr 23), the group said that the claimants had discontinued and withdrawn their lawsuit against its wholly owned subsidiary PropNex Realty (PRL).

On Nov 5, 2025, the group revealed that PRL was one of three defendants in a High Court lawsuit, with claimants seeking at least S$586,172.

It was alleged that the company had breached its duty of care owed to the claimants, and that vicarious liability had arisen from alleged negligent misrepresentation of a PRL salesperson on a property transaction.

In a breach of duty of care, a claimant needs to prove that a defendant owes them a certain standard of care and did not do so. Vicarious liability is when one party – for example, an employer – is held responsible for the actions of another – such as an employee.

In that both the November 2025 and Thursday update, PropNex did not reveal the claimants, co-defendants or further details of the case.

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Shares of PropNex fell 0.5 per cent or S$0.01 to close at S$1.82 on Thursday, before the bourse filing.