Court rules estate agency director liable for botched NZ deal, to pay $210,000 in property investment losses

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A couple who lost about $210,000 investing in a New Zealand property will recover the sum from the director of a Singapore real estate company after the High Court ruled that he was liable for misrepresentation that led to the loss.

The court's decision reverses that of a district court which earlier this year cleared director Jimmy Sim but held his company Faber Property liable.

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A version of this article appeared in the print edition of The Straits Times on December 19, 2018, with the headline Court rules estate agency director liable for botched NZ deal, to pay $210,000 in property investment losses. Subscribe