PropertyLimBrothers Co-Founder Melvin Lim Serving as Non-Salaried Director Amid Business Stabilization

PropertyLimBrothers (PLB) co-founder Melvin Lim is currently serving as a “non-salaried director” to focus on “family and personal recovery,” according to the company. While Lim retains a 50 per cent stake and remains the only director officially registered with the Accounting and Corporate Regulatory Authority (ACRA), former vice-president Grayce Tan has registered with OrangeTee, a move that took effect on June 20.

What is Melvin Lim’s current role at PLB?

Melvin Lim is not seeking a public-facing return to the company at this stage, PLB stated. Although he remains the only director officially registered with ACRA, his involvement is limited to backend responsibilities. The company clarified that his salesperson registration with PLB Realty, effective from May 29 to Dec 31, is separate from any executive or operational roles.

Lim has maintained a low profile since a controversy erupted in January. His personal social media account currently remains private.

Where is former vice-president Grayce Tan now?

Grayce Tan, who previously served as vice-president at PLB, has registered with the agency OrangeTee. Checks by Stomp on the Council for Estate Agencies (CEA) website confirmed her registration is effective from June 20 through Dec 31. Tan has recently resumed posting real estate-related content on her social media account, @homeswithgrayce.

A comparison of the current professional registrations for the two former leaders shows:

Melvin Lim: Registered with PLB Realty (May 29 – Dec 31) in a backend, non-salaried capacity.
Grayce Tan: Registered with OrangeTee (June 20 – Dec 31) following her resignation from PLB.

How did the leadership changes affect KW Singapore?

The recent shifts follow a saga in January involving videos that purportedly showed Lim and Tan leaving a unit together in Balestier. This footage fueled speculation regarding an alleged affair. Following the controversy, both individuals resigned from their roles at PLB and from leadership positions at KW Singapore, a boutique real estate agency founded by Lim in 2025 as a franchise of a US firm.

How to Build Two Companies at the Same Time | Melvin Lim | PropertyLimBrothers

The leadership changes had a significant impact on KW Singapore. On Feb 6, it was reported that over 100 agents left the agency, including its top-performing agent, Rayne Chua.

What could be the next steps for PLB?

PLB is currently operating with a “smaller and leaner team.” The company stated its primary focus is on stabilising the business while continuing to serve its clients, agents, and employees. Operations are being managed by the current leadership team and authorised personnel.

As the company works to stabilize, its ability to maintain service levels with a reduced workforce may be a key factor in its upcoming business cycle. The firm’s focus appears to be on internal stability rather than public expansion at this time.