Hao Mart sues PropNex unit, agent for S$3.5 million over Taste Orchard lease
Defendants say they’re acting as agent for landlord OG, and therefore owe no obligation to the plaintiff 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 claims filed on Aug 29 alleged that Michael Tan, an agent with the mainboard-listed property agency, had misrepresented to Hao Mart director Dr Tan Kim Yong that the middleman would undertake fiduciary duties to the supermarket operator for the leasing of the building at 160 Orchard Road.
Hao Mart’s lease was terminated by landlord OG just slightly over 18 months into a 7½-year lease. It and its sub-tenants must vacate 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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