Adrian Lim, co-founder of PropertyLimBrothers (PLB), returned to PropNex Realty in May 2026 as Senior Associate Group District Director, bringing a team of 36 salespersons including former PLB agents with him [1, 2, 3, 4]. PropNex announced on May 13 that 22 salespersons from PLB have officially joined, with another 15 pending approval to move [1, 2, 3, 4].

Lim’s return to PropNex comes four months after a controversy rocked PLB's leadership. On January 25, co-founder Melvin Lim and former vice-president Grayce Tan resigned amid allegations of an extramarital affair [1, 2, 3, 4]. Marc Chan, ex-vice-president of operations, was appointed interim CEO of PLB following the resignations [1, 2, 3, 4].

PLB was founded in 2017 and ranked seventh on The Straits Times and Statista’s 2025 list of Singapore’s fastest-growing companies. It reported revenue of nearly $6.5 million for 2023 [1, 2, 3, 4]. In March, Adrian Lim said PLB was strengthening governance and launched a whistle-blowing channel for employees to raise concerns anonymously [1, 2, 3, 4]. He said, "In March, I spoke publicly about strengthening trust and governance at PLB. That work mattered then and it remains important" [1].

Lim remains a shareholder at PLB but holds no operational role or directorship there [1, 2, 3, 4]. He told clients, "To the clients we have served, those we are serving, and those who are choosing to walk with us into this next chapter: thank you. The continuity of your work with my team is the priority" [1]. He added, "As circumstances have evolved, my responsibility to my clients and to the team I lead has had to come first" [1].

PLB disputed media reports in April on the extent of job cuts in its media arm [1, 3, 4]. Adrian Lim has not commented further on PLB’s current operations [1, 2, 3, 4].

Lim’s new role at PropNex positions him to lead his team of former PLB salespersons under one roof. The firm is progressing with approvals for more agents to join.

The salespersons’ moves to PropNex mark a significant talent shift less than six months after the leadership upheaval at PropertyLimBrothers.