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
What makes a good job? Feeling that you matter
Faishal Ibrahim resigns over online messages with a female member of the public
When the disruptor gets disrupted: How Chinese open-source AI is eating its own industry
Retail resets: Mall owners reposition shopping centres as Singapore’s consumer landscape evolves
