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Hao Mart sues PropNex unit, agent for more than S$3.5 million over Taste Orchard lease

Hao Mart sues PropNex unit, agent for more than S$3.5 million over Taste Orchard lease

By Kim Browne

Culture

Defendants say they’re agent for landlord OG, and owe no obligation to the claimant to act in its best interests

Supermarket chain Hao Mart has filed a lawsuit against a wholly owned unit of PropNex and one of its agents, alleging misrepresentation in the leasing of the Taste Orchard premises, formerly known as OG Orchard Point.

The statement of claim filed on Aug 29 alleged that Michael Tan, an agent with PropNex Realty, a wholly owned unit of mainboard-listed PropNex, had misrepresented to Hao Mart director Dr Tan Kim Yong that he – acting as a middleman – would undertake fiduciary duties to the supermarket operator in leasing the building at 160 Orchard Road.

Hao Mart’s lease was terminated by landlord OG just over 18 months into a seven-and-a-half-year lease. It must vacate along with its sub-tenants and hand over the premises by Dec 31.

Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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