PropNex unit, agent sued by Hao Mart over Orchard Road lease for over S.5 million

PropNex unit, agent sued by Hao Mart over Orchard Road lease for over S$3.5 million

October 24, 2025 / Liam Redmond /


[SINGAPORE] Supermarket chain Hao Mart has filed a lawsuit against a wholly owned unit of mainboard-listed PropNex and one of its agent, alleging misrepresentation in the leasing of the Orchard Road premises.

The claimant, in its statement of claims filed on Aug 29, alleged that Michael Tan Ban Aik, an agent with PropNex Realty, 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 former OG Orchard Point building.

This case came around Hao Mart’s lease was terminated by landlord OG just slightly over 18 months into a 7½-year lease.



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Liam Redmond

As an editor at Forbes Washington DC, I specialize in exploring business innovations and entrepreneurial success stories. My passion lies in delivering impactful content that resonates with readers and sparks meaningful conversations.

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