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Listed property agencies face respective lawsuits alleging 'misrepresentation'

Teo Zheng Long
Teo Zheng Long • 2 min read
Listed property agencies face respective lawsuits alleging 'misrepresentation'
APAC Realty’s board said that the law suit is unlikely to materially impact its financial position and performance for the current financial year ending Dec 31, 2026.
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APAC Realty’s (SGX:CLN) wholly-owned subsidiary, ERA Realty Network Pte Ltd (ERA) has been named one of the three co-defendants in a lawsuit filed in the High Court.

The claimants are seeking to claim damages worth $731,212 against ERA for alleged breach of duty of care owed to them arising from the alleged negligent misrepresentation of one of ERA’s salespersons on a property transaction.

The company is currently seeking legal advice on the lawsuit and will defend the above-mentioned action. APAC Realty's board intends to vigorously defend the lawsuit.

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