19 Aug 2025
SMALL MEDIUM ENTERPRISE DEVELOPMENT BANK MALAYSIA BERHAD PROPNEX REALTY SDN BHD
- Citation
- W-04(NCvC)(W)-362-09/2023 (Mahkamah Rayuan)
- Court
- NCvC
- Case number
- W-04(NCvC)(W)-362-09/2023 (Mahkamah Rayuan)
The Court held that rule 92(1) of the VAEA Rules 1986 did not bar formation of an estate agency contract; on the facts Propnex's conduct, written fee communications and facilitation of introductions and site visits established an estate agency contract and that Propnex was the effective cause of the sale; accordingly the High Court's quantum meruit order was set aside and SME Bank was ordered to pay the contractual fee of RM819,000.