Couple sues ERA, agent and law firm for S$731,212 over alleged misrepresentation in ‘99-1’ property deal
Claimants seeking to recover additional tax and surcharge imposed for illegal stamp duty avoidance on their condominium purchase
Add BT as a preferred source
[SINGAPORE] A married couple caught out by a failed “99-1” property transaction has sued ERA Realty, one of its agents and a law firm for S$731,212, alleging negligent misrepresentation and breach of duty.
The buyers, Samuel Soh and Ken Tan, sued the three over a 99-to-1 transaction in December 2022, seeking to recover S$731,212 in damages – the additional tax and surcharge imposed by the taxman for what it deemed to be illegal stamp duty avoidance on their condominium purchase.
This is the latest in a string of lawsuits over the past year involving property buyers suing real estate agencies, their agents and law firms. Similar suits have also surfaced against PropNex.
TRENDING NOW
Singapore private housing is ‘decoupling’ from HDB market as buyer pools diverge: NUS survey
Simba’s 5G spectrum hurdle may accelerate Singapore’s telco market reset
Yen hits 40-year low in historic slide that’s rattled Japan
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
