SRX operator sues major consultancies over its valuation service

Singapore

VARIOUS property consultancies JLL, Knight Frank, Edmund Tie & Company, CBRE and Teho Property Consultants have become embroiled in the outstanding lawsuit filed by StreetSine Singapore Pte Ltd against the Singapore Institute of Surveyors and Valuers (SISV).

Since an original writ of summons filed last year with SISV as the only defendant, a new writ of summons was filed this week with 27 defendants including council members of SISV's valuation and general practice (VGP) division, certain individual members of the institute, as well as SISV's disciplinary committee members and staff.

The property consultancies are also named among the defendants as StreetSine sees council me…