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

The claimants had sought nearly S$600,000 in damages

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Derryn Wong

Published Thu, Apr 23, 2026 · 07:00 PM

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PropNex has not revealed the claimants, co-defendants or further details of the case. PHOTO: BT FILE

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In a bourse filing on Thursday (Apr 23), the group said that the claimants had discontinued and withdrawn their lawsuit against its wholly owned subsidiary PropNex Realty (PRL).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

PropNex subsidiary sued for S$586,000 over alleged misrepresentation and breach of duty

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A couple has sued ERA, one of its agents and a law firm for S$731,212 over a 99-to-1 transaction at One Pearl Bank (pictured) in December 2022.

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PropNex previously said it intended to defend the suit.

Propnex says lawsuit against unit for alleged salesperson misconduct withdrawn

In their statement of claim filed in late January, the couple alleged that the salesperson in late 2021 presented them a two-step 99-1 arrangement.

Couple caught in 99-1 property deal sue salesperson, PropNex unit, law firm for S$367,405

PropNex's H2 revenue rises 18.3% on the year to S$517.5 million, from S$437.4 million.

PropNex H2 profit up 28.3% at S$28.1 million; FY2025 earnings up 72% on record-high revenue

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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.

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