Hao Mart sues PropNex unit, agent for more than S$3.5 million over Taste Orchard lease
Defendants say they represent landlord OG, and owe no obligation to the claimant to act in its best interests
[SINGAPORE] Supermarket chain Hao Mart has filed a lawsuit against a wholly owned unit of PropNex and one of its agents, alleging misrepresentation in the leasing of the Taste Orchard premises, formerly known as OG Orchard Point.
The statement of claim filed on Aug 29 alleged that Michael Tan, an agent with PropNex Realty, had misrepresented to Hao Mart director Dr Tan Kim Yong that he – acting as a middleman – would undertake fiduciary duties to the supermarket operator in leasing the building at 160 Orchard Road. Hao Mart is seeking S$3.5 million and other damages against the agent and the wholly-owned unit of mainboard-listed PropNex.
Hao Mart’s lease was terminated by landlord OG just over 18 months into a seven-and-a-half-year lease. It must vacate along with its sub-tenants and hand over the premises by Dec 31.
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