Couple caught in 99-1 property deal sue salesperson, PropNex unit, law firm for S$367,405
PropNex says it is in process of obtaining legal advice; board intends to ‘vigorously defend the suit’
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SINGAPORE] A PropNex subsidiary, along with its salesperson and a law firm, have been sued over a “99-1” property transaction, by a married couple who allege a breach of duty by the three parties.
Among other things, the couple are claiming a sum of S$367,405, the amount in additional tax and surcharge that the authority had asked them to pay, for having avoided paying the relevant stamp duty for their purchase of a condominium unit.
Singapore permanent residents (PRs) Patil Prafulla Vasudeo and his wife, Patil Chitra Prafulla, are represented by WongPartnership’s Gavin Neo. They have named PropNex Realty salesperson Chin Ming Min and Anthony Law Corporation as defendants in the lawsuit.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
