Couple sues ERA, agent and law firm for S$731,212 over alleged misrepresentation in ‘99-1’ property deal

[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.