Fujian money launderers’ super-luxe condos with panoramic Singapore skyline views on auction block

Taking centre stage are a raindrop chandelier and a ceiling art installation consisting of coloured tubes suspended from thin cables to form an organic flowing wave, according to photos of the penthouse’s listing on PropertyGuru.

PHOTO: COURTESY OF ETC

Published Sep 15, 2026, 08:20 PM

Updated Sep 15, 2026, 08:20 PM

A total of over 80 seized luxury properties linked to a 2023 multi-billion-dollar money laundering case are being auctioned in Singapore.

Properties include a $6.78 million Wallich Residence apartment and a $25.3 million South Beach penthouse, with auctions scheduled for September 17 and 23 by appointed firms.

Chinese buyers dominate Singapore's luxury market; analysts note these auctions offer value buys of prime district homes with large floor plates despite the properties' criminal history.

SINGAPORE – Step into this four-bedroom apartment on the 61st floor of Wallich Residence – owned by convicted money launderer Zhang Ruijin – and the sweeping vista is the first thing that catches the eye.

Beyond the wrap-around glass windows, Sentosa Cove glitters in the distance, while the vast expanse of the future Greater Southern Waterfront lies on the horizon. Directly above is the super penthouse once owned by billionaire inventor James Dyson .

This 1,991 sq ft four-bedroom apartment, which boasts high ceilings and luxurious entertaining and family spaces, is among 26 properties linked to the 2023 multibillion-dollar money laundering case that will be up for auction starting this week.

They are the first batch of more than 80 properties going under the hammer, as the Government seeks to liquidate assets seized during investigations. Real estate companies Knight Frank, SRI and ETC have been appointed to conduct the Sept 17 and Sept 23 auctions.

The Wallich Residence apartment comes with a guide price of $6.78 million.

Singapore Land Authority (SLA) records show that it is owned by Chinese national Zhang, who was sentenced to 15 months’ jail, along with his lover Lin Baoying, after they pleaded guilty in Singapore to money laundering and forgery charges.

The pair were deported to Cambodia in June 2024 after serving their sentences.

Zhang and Lin were among 10 foreigners arrested in the probe, all from Fujian, China. They had bought several luxury units at some of Singapore’s most sought-after prime district projects, including Canninghill Piers, South Beach Residences and Gramercy Park, which were launched between 2017 and 2021.

The 10 were given jail sentences and made to forfeit their cash and assets.

“Word on the street is that the Fujian money launderers liked to acquire super luxury properties that gave them privacy and shielded them from prying eyes in neighbouring condominiums.

“Having said that, legitimate ultra-high-net-worth Chinese buyers also have the same preferences,” said Alan Cheong, executive director of research and consultancy at Savills Singapore.

One such property is a 42nd-floor four-bedroom penthouse at the Norman Foster-designed South Beach Residences owned by Su Yongcan, according to a property ownership search by The Straits Times. He fled Singapore before police operations relating to the money laundering case began in August 2023.

The 42nd-floor four-bedroom penthouse at the Norman Foster-designed South Beach Residences owned by Su Yongcan, one of the foreign nationals who fled Singapore before police operations relating to the money laundering case began in August 2023. PHOTO: COURTESY OF ETC

The 42nd-floor four-bedroom penthouse at the Norman Foster-designed South Beach Residences owned by Su Yongcan, one of the foreign nationals who fled Singapore before police operations relating to the money laundering case began in August 2023.

Based on SLA records, Su and Zhang are the registered owners of their respective properties, but their right to deal with them is now disenfranchised by the law, said Robson Lee, a partner at Kennedys Law.

The authorities went after $2.1 billion worth of assets linked to 17 suspects. In November 2024, police said that 15 of them, including Su, agreed to surrender their assets, valued at around $1.85 billion, in exchange for the withdrawal of Interpol notices against them.

Going under the hammer at a guide price of $25.3 million on Sept 23, Su’s 6,727 sq ft penthouse comes with grey marble flooring in the living and dining areas and a jacuzzi on a massive open balcony overlooking the Esplanade and Marina Bay.

Su’s 6,727 sq ft penthouse comes with grey marble flooring in the living and dining areas and a jacuzzi on a massive open balcony overlooking the Esplanade and Marina Bay. PHOTO: COURTESY OF ETC

Su’s 6,727 sq ft penthouse comes with grey marble flooring in the living and dining areas and a jacuzzi on a massive open balcony overlooking the Esplanade and Marina Bay.

Most of the rooms have floor-to-ceiling windows, including one with a floor-to-ceiling luxury library bookcase. One bedroom, presumably a child’s room, features a whimsical vintage aviation-themed wallpaper mural with retro hot-air balloons.

One bedroom, presumably a child’s room, features a whimsical vintage aviation-themed wallpaper mural with retro hot-air balloons. PHOTO: COURTESY OF ETC

One bedroom, presumably a child’s room, features a whimsical vintage aviation-themed wallpaper mural with retro hot-air balloons.

The Wallich Residence units offer similarly expansive living spaces.

The four condos located on the 51st, 53rd, 54th and 61st floors all feature very large entertaining and family spaces, high-end furnishings and appliances, and panoramic waterfront views. Three of the units are sold with furnishings, according to videos of the listings on PropertyGuru.

At Martin Modern, the six units up for auction feature distinctive grey marble flooring and floor-to-ceiling windows in most rooms, the property listings show. At a guide price of $4.98 million, a 1,733 sq ft four-bedder on the 26th floor comes with private lift access.

A three-bedder with a guide price of $3.3 million features a unique long horizontal window backsplash, or a letterbox window, built directly above a dark stone countertop, which looks into the spacious living room, creating an open-concept feel.

The four freehold condominiums with private lifts at Gramercy Park, which have guide prices of between $3.8 million and $7.6 million, come with marble flooring, spacious living and dining areas, floor-to-ceiling windows. One unit has two large wagon-wheel-style chandeliers in the living room, according to the property’s listing on PropertyGuru.

Also on the auction block on Sept 17 are two freehold three-bedroom units with private lifts at Sloane Residences in Balmoral Road, at guide prices of between $3.6 million and $3.7 million, and a 3,498 sq ft Grade A office space at Suntec Tower One at a guide price of $11.5 million.

Knight Frank will hold an auction on Sept 17 of the seven properties at its Ocean Financial Centre office.

ETC’s portfolio includes five South Beach properties with unobstructed views of Suntec City, Esplanade, Guoco Midtown and Marina Bay Sands, two at 8 Saint Thomas in River Valley and one at Paterson Suites, as well as an 8,800 sq ft factory at Shun Li Industrial Park. Guide prices range between $4.45 million and $25.3 million for the South Beach properties.

ETC’s portfolio includes five South Beach properties with unobstructed views of Suntec City, Esplanade, Guoco Midtown and Marina Bay Sands, two at 8 Saint Thomas in River Valley and one at Paterson Suites (pictured). PHOTO: COURTESY OF ETC

ETC’s portfolio includes five South Beach properties with unobstructed views of Suntec City, Esplanade, Guoco Midtown and Marina Bay Sands, two at 8 Saint Thomas in River Valley and one at Paterson Suites (pictured).

Analysts believe that the properties on the auction block are of interest to a number of ultra-high-net-worth individuals, as there is a limited supply of such homes in the prime districts, particularly those with a large floor plate.

“Some may see it as a value buy, as the price, location and property-related attributes such as size, layout and tenure may be more important than the history of the properties. Furthermore, the sale process is straightforward,” said Mark Yip, chief executive of Huttons Asia.

Two auctions will be held on Sept 23 by Edmund Tie and SRI at their respective offices at UIC Building, 5 Shenton Way, and Great World City.

“Offering the properties in manageable batches allows the seller to gauge demand, and adjust the reserve and guide prices and the size of future batches for sale,” said Nicholas Mak, chief research officer at Mogul.sg.

A room of the 20th floor unit at Paterson Suites, with a guide price of $5.18 million. PHOTO: COURTESY OF ETC

A room of the 20th floor unit at Paterson Suites, with a guide price of $5.18 million.

Why commercial and industrial property

Apart from the Suntec Tower office space, a four-storey terrace factory in Shun Li Industrial Park in Kaki Bukit is up for auction at a guide price of $3.63 million.

On why the money launderers bought commercial and industrial property, Cheong cited the absence of additional buyer’s stamp duty.

“Another reason is that in the money laundering process, the final stage is to integrate the funds into a legitimate asset class or business. Money launderers may have a certain amount of funds to integrate, and they may want to match that quantum with an investment asset of that size,” he said.

He noted that the guide prices for most of the 24 luxury apartments are slightly higher than recent transacted prices of similar properties in these projects.

“Buyers should not expect that these properties will be sold for a song as there is public accountability with all proceeds from the sale paid into the Consolidated Fund. Hence, the properties will be sold at a fair value,” he said.

Cheong added that it could be “a value buy for those not turned off by the properties having been owned by money launderers, and whatever else they had been doing in the units”.

根据 PropertyGuru 网站上该顶层公寓的挂牌照片显示，最引人注目的是雨滴吊灯和天花板艺术装置，该装置由悬挂在细缆上的彩色管子组成，形成有机流动的波浪。

图片：由ETC提供

发布于2026年9月15日晚上8:20

更新于2026年9月15日晚上8:20

与 2023 年一起数十亿美元的洗钱案有关的 80 多处被查封的豪华房产正在新加坡进行拍卖。

房产包括价值 678 万美元的 Wallich Residence 公寓和价值 2530 万美元的南海滩顶层公寓，拍卖会定于 9 月 17 日和 23 日由指定公司举行。

中国买家主导新加坡的豪宅市场；分析人士指出，尽管这些房产有犯罪记录，但这些拍卖会仍然提供了在黄金地段购买面积较大的房屋的超值机会。

新加坡——走进这套位于华利世家61楼的四居室公寓（公寓所有者是已被定罪的洗钱者张瑞金），首先映入眼帘的是开阔的视野。

透过环绕式玻璃窗，远处的圣淘沙湾波光粼粼，而未来大南部滨水区的广阔区域则在地平线上绵延展开。正上方是亿万富翁发明家詹姆斯·戴森曾经拥有的超级顶层公寓。

这套面积为 1,991 平方英尺的四居室公寓拥有高高的天花板和豪华的娱乐及家庭空间，是与 2023 年数十亿美元洗钱案有关的 26 处房产之一，这些房产将于本周开始拍卖。

这是政府为清算调查期间查获的资产而拍卖的80多处房产中的第一批。房地产公司莱坊（Knight Frank）、SRI和ETC已被指定负责9月17日和9月23日的拍卖。

华利世家公寓的指导价为 678 万美元。

新加坡土地管理局 (SLA) 的记录显示，该房产的所有者是中国公民张某，他与情人林宝英在新加坡承认洗钱和伪造罪名后，被判处 15 个月监禁。

两人服刑期满后，于 2024 年 6 月被遣返回柬埔寨。

张某和林某是此次调查中被捕的10名外国人之一，他们均来自中国福建省。他们在新加坡一些最热门的黄金地段住宅项目中购买了多套豪华公寓，包括Canninghill Piers、South Beach Residences和Gramercy Park，这些项目于2017年至2021年间推出。

这10人被判处监禁，并被没收现金和资产。

“坊间传闻，福建的洗钱者喜欢购置超级豪华的房产，这样既能保护他们的隐私，又能让他们免受邻近公寓住户的窥探。

“话虽如此，合法的超高净值中国买家也有同样的偏好，”第一太平戴维斯新加坡研究与咨询执行董事张艾伦表示。

据《海峡时报》的房产所有权调查显示，其中一套房产是位于诺曼·福斯特设计的南滩公寓42层的四卧顶层公寓，业主为苏永灿。在警方于2023年8月开始对洗钱案展开调查之前，他已逃离新加坡。

这套位于诺曼·福斯特设计的南滩公寓42层的四卧顶层公寓，属于苏永灿所有。苏永灿是2023年8月警方开始调查洗钱案前逃离新加坡的外国公民之一。图片：ETC提供

这套位于诺曼·福斯特设计的南滩公寓42层的四居室顶层公寓，属于苏永灿所有。苏永灿是2023年8月警方开始对洗钱案展开行动之前逃离新加坡的外国公民之一。

肯尼迪律师事务所合伙人罗布森·李表示，根据SLA记录，苏和张分别是各自房产的登记所有者，但法律现在剥夺了他们与房产进行交易的权利。

当局追查了与17名嫌疑人相关的价值21亿美元的资产。2024年11月，警方表示，包括苏在内的15名嫌疑人同意交出价值约18.5亿美元的资产，以换取国际刑警组织撤销对他们的通缉令。

苏女士的这套面积为 6,727 平方英尺的顶层公寓将于 9 月 23 日以 2530 万美元的指导价进行拍卖。公寓的起居室和餐厅铺设了灰色大理石地板，巨大的开放式阳台上设有按摩浴缸，可俯瞰滨海艺术中心和滨海湾。

苏女士这套面积达6727平方英尺的顶层公寓，客厅和餐厅铺设灰色大理石地板，宽敞的开放式阳台上设有按摩浴缸，可俯瞰滨海艺术中心和滨海湾。图片：ETC提供

苏女士的这套 6,727 平方英尺的顶层公寓，客厅和餐厅铺设了灰色大理石地板，巨大的开放式阳台上设有按摩浴缸，可以俯瞰滨海艺术中心和滨海湾。

大多数房间都设有落地窗，其中一间还配有落地式豪华书柜。一间卧室，大概是儿童房，墙上贴着一幅充满奇思妙想的复古航空主题壁画，上面绘有复古热气球。

其中一间卧室，大概是儿童房，墙上贴着一幅充满奇思妙想的复古航空主题壁画，上面绘有复古热气球。图片：由ETC提供

其中一间卧室（大概是儿童房）的墙纸壁画充满奇思妙想，以复古航空为主题，上面绘有复古热气球。

华利世家住宅单元提供同样宽敞的居住空间。

位于51层、53层、54层和61层的四套公寓均拥有宽敞的娱乐和家庭空间、高端家具和家电，以及全景水景。根据PropertyGuru网站上的房源视频显示，其中三套公寓带家具出售。

据房源信息显示，马丁现代公寓（Martin Modern）此次拍卖的六套单元房均铺设了独特的灰色大理石地板，且大部分房间都拥有落地窗。其中一套位于26层的四卧公寓，面积1733平方英尺（约163平方米），指导价为498万美元，并配有私人电梯。

这套三居室住宅指导价为 330 万美元，其特色在于独特的长条形水平窗户防溅板，或者说是信箱式窗户，直接建在深色石材台面上方，可以俯瞰宽敞的客厅，营造出开放式的感觉。

格拉梅西公园的四套永久产权公寓均配备私人电梯，指导价在380万至760万新元之间。这些公寓铺设大理石地板，拥有宽敞的起居室和餐厅，以及落地窗。根据房产网站PropertyGuru上的房源信息，其中一套公寓的起居室还悬挂着两盏大型马车轮造型的吊灯。

9 月 17 日还将拍卖位于 Balmoral Road 的 Sloane Residences 的两套永久产权三居室公寓（带私人电梯），指导价在 360 万至 370 万美元之间；以及位于 Suntec Tower One 的 3,498 平方英尺 A 级办公空间，指导价为 1150 万美元。

莱坊将于9月17日在其海洋金融中心办公室举行七处房产的拍卖会。

ETC的投资组合包括五处位于南海滩的物业，可饱览新达城、滨海艺术中心、国浩中城和滨海湾金沙的壮丽景色；两处位于河谷区圣托马斯街8号的物业；一处位于帕特森套房酒店的物业；以及位于顺利工业园的一座8,800平方英尺的厂房。南海滩物业的指导价介于445万美元至2530万美元之间。

ETC旗下拥有五处位于南海滩的物业，可饱览新达城、滨海艺术中心、国浩中城和滨海湾金沙的壮丽景色；另有两处位于河谷的圣托马斯街8号，以及一处位于帕特森套房酒店（如图所示）。图片：由ETC提供

ETC 的投资组合包括五处位于南海滩的物业，可饱览新达城、滨海艺术中心、国浩中城和滨海湾金沙的壮丽景色；两处位于河谷的圣托马斯街 8 号；一处位于帕特森套房酒店（如图所示）。

分析人士认为，这些待拍卖的房产引起了许多超级富豪的兴趣，因为黄金地段的此类住宅供应有限，尤其是那些拥有大面积楼面的住宅。

“有些人可能会认为这是一笔划算的交易，因为价格、地段以及面积、布局和产权等房产相关属性可能比房产的历史更重要。此外，销售流程也很简单，”Huttons Asia首席执行官Mark Yip表示。

9月23日，Edmund Tie和SRI将分别在UIC大厦（珊顿道5号）和伟乐坊的办公室举行两场拍卖会。

“分批出售房产可以让卖家评估需求，并调整底价、指导价以及未来出售批次的规模，” Mogul.sg 首席研究官 Nicholas Mak 表示。

帕特森套房酒店20楼的一间客房，指导价为518万美元。图片：由ETC提供

帕特森套房酒店 20 楼的一间客房，指导价为 518 万美元。

为什么选择商业和工业地产

除了新达城办公空间外，位于加基武吉顺利工业园的一栋四层排屋厂房也正在拍卖，指导价为 363 万美元。

对于洗钱者为何购买商业和工业地产，张先生指出，这是因为买家无需缴纳额外的印花税。

“另一个原因是，在洗钱过程中，最后阶段是将资金整合到合法的资产类别或业务中。洗钱者可能有一定数量的资金需要整合，他们可能希望用同等规模的投资资产来匹配这些资金，”他说。

他指出，这 24 套豪华公寓中的大多数指导价都略高于这些项目中类似房产的近期成交价。

他说：“买家不应指望这些房产会低价出售，因为所有销售所得都将上缴国库，接受公众监督。因此，这些房产将以公平的价格出售。”

张先生补充说，对于那些不介意这些房产曾被洗钱者拥有，以及他们在这些房产中做过的其他事情的人来说，这可能是一笔“物有所值的交易”。