Singapore property agency PropertyLimBrothers is implementing new internal policies aimed at strengthening corporate governance and rebuilding trust following a recent leadership controversy that drew significant attention online.
According to The Straits Times (ST), The company announced plans to introduce a formal code of conduct as well as an anonymous whistle-blowing channel for staff and property agents. These measures are intended to promote transparency and create a safer environment for employees to raise concerns within the organisation.
The move comes after a high-profile episode earlier in the year involving two senior executives, which sparked widespread speculation within the local real estate industry and across online forums.
New Workplace Rules To Strengthen Professional Standards
Under the proposed code of conduct, PropertyLimBrothers will introduce guidelines covering several aspects of professional behaviour. These include policies related to workplace relationships, expected standards of conduct, and appropriate dress at work.
The company is also rolling out a whistle-blowing platform that allows employees and property agents to submit complaints or concerns anonymously. According to management, the system is designed to encourage accountability while protecting those who report potential misconduct.
Serious violations uncovered through the platform may lead to disciplinary measures, including possible termination.
Such corporate governance frameworks are increasingly common in large property agencies and financial services firms, particularly in sectors dealing with property investment, residential property transactions, and real estate advisory services.
Leadership Resignations Sparked Industry Attention
The internal reforms follow the resignation of PropertyLimBrothers co-founder and former chief executive officer Melvin Lim, along with former vice-president of strategy Grayce Tan. Both stepped down from their positions earlier this year amid allegations circulating online about a personal relationship between them.
The two executives resigned from the company on Jan. 25.
PropertyLimBrothers co-founder Adrian Lim explained that he first became aware of the allegations when messages and videos began circulating widely among property agents and online discussion groups.
Once the leadership team verified the situation, a decision regarding their departure was made within a short period and communicated to staff members promptly in order to maintain business continuity.
Although daily operations were largely unaffected, the company experienced some immediate consequences following the controversy.
Company Focuses On Rebuilding Morale And Business Confidence
According to Adrian Lim, the episode initially affected morale among some agents within the firm. Three salespersons reportedly left the agency, while four potential clients decided not to proceed with engagements during that period.
To stabilise the organisation, management increased internal communication efforts through weekly meetings and staff engagement sessions aimed at maintaining team cohesion.
Lim also addressed online speculation surrounding internal matters within the company. Claims circulating online suggested that Grayce Tan was earning an annual salary of S$230,000 and that company funds were used to support a hotpot restaurant allegedly linked to the two former executives.
He denied those allegations and clarified that the salary figures being discussed publicly were inaccurate. However, he declined to reveal exact remuneration details, noting that salary structures and promotions remain confidential matters handled by the company’s human resources department.
Looking ahead, PropertyLimBrothers plans to focus on rebuilding confidence among property buyers, sellers and investors while continuing to expand its services. The agency recently launched a digital property analysis platform that generates residential property reports containing transaction data and pricing insights.
Management expressed hope that stronger governance practices and clearer reporting channels will reinforce trust among employees, property agents and clients moving forward.