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
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[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.
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