China businessman sues Huttons and agent for alleged misrepresentation in property deal
Jessie Lim
A CHINESE businessman is seeking about S$1.5 million in damages from a Huttons property agent who allegedly promised to sell a new condominium unit that he had been “induced” to buy.
However, the property agent, Ong Jianlong, did not do so before Chen Qiming’s Option to Purchase (OTP) for the S$5.1 million unit expired, resulting in Chen forfeiting payments made.
On Tuesday (Nov 21), Chen’s case was heard in the High Court on the first day of a trial in which Ong and Huttons Asia are named as defendants.
TRENDING NOW
Britain’s mansion tax shows the difficulty of targeting wealth
Once staunchly pro-China, Malaysian Chinese businesses are now distancing themselves from Beijing
The only common thing in S-E Asia is that we all eat rice: Cisco’s Asean president
Singapore data centre operator DayOne opts for US IPO at likely US$20 billion valuation
