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Couple caught in 99-1 property transaction sue salesperson, PropNex and law firm for S$586,172
This is the third reported lawsuit embroiling PropNex over purported sale arrangements for buyers to avoid paying more in ABSD
Tay Peck Gek
Published Tue, Nov 25, 2025 · 07:10 PM
[SINGAPORE] A PropNex : OYY -1.44% subsidiary has been sued, along with its salesperson and a law firm, over a so-called “99-1” property transaction, by a couple who allege a breach of duty by the three parties.
The couple are claiming a sum of S$586,172, the amount in additional tax and surcharge that the taxman had asked them to pay, for having avoided paying the relevant stamp duty for their purchase of a condo unit.
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99-1:Couple sue salesperson, PropNex and law firm!
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