Four condominium units seized in S$3b money laundering case sold at auction

Most of the luxury properties that went under the hammer did not receive any offers, including a S$25.3 million penthouse at South Beach Residences.

Wallich Residence at Tanjong Pagar. (Photo: SRI)

This audio is generated by an AI tool.

SINGAPORE: Four condominium units seized in Singapore's S$3 billion money laundering case were sold at auction on Wednesday (Sep 23), although most of the other 15 on offer received no interest.

Notable properties that were up for sale included a four-bedroom penthouse at South Beach Residences that was listed at a guide price of S$25.3 million (US$19.8 million).

Real estate agencies SRI and Edmund Tie and Company (ETC) conducted auctions at their respective offices on Wednesday. No photography or videography was allowed.

MARTIN MODERN, WALLICH RESIDENCE

SRI held its auction at its Great World City office and drew about 60 people.

CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less Six units at Martin Modern went under the hammer first, with four smaller than 1,000 sq ft. The first, a 764 sq ft unit on the 26th floor, opened at about S$2.24 million. After a long period of silence, a counter bid was made at S$2.05 million. This triggered another three bids, and the unit was eventually sold at S$2.12 million. A 29th-floor two-bedroom unit also opened at about S$2.24 million, but three bids later, the unit was withdrawn, with the highest offer at S$2.11 million. Another three units, between floors 26 and 29, measuring between 764 sq ft and 1,733 sq ft, went by with no interest. The final unit at Martin Modern, measuring 764 sq ft on the 17th floor, was sold at S$2.08 million - the only bid after it opened at about S$2.24 million.

Six units at Martin Modern went under the hammer first, with four smaller than 1,000 sq ft.

The first, a 764 sq ft unit on the 26th floor, opened at about S$2.24 million. After a long period of silence, a counter bid was made at S$2.05 million. This triggered another three bids, and the unit was eventually sold at S$2.12 million.

A 29th-floor two-bedroom unit also opened at about S$2.24 million, but three bids later, the unit was withdrawn, with the highest offer at S$2.11 million.

Another three units, between floors 26 and 29, measuring between 764 sq ft and 1,733 sq ft, went by with no interest.

The final unit at Martin Modern, measuring 764 sq ft on the 17th floor, was sold at S$2.08 million - the only bid after it opened at about S$2.24 million.

The facade of Martin Modern. (Photo: SRI)

SRI also put four units at Wallich Residence up for sale. The units, much larger than those on offer at Martin Modern, were between 1,313 sq ft and 1,991 sq ft and drew considerable interest.

The first and largest unit opened at S$6.78 million. Located on the 61st floor, it offered both sea and city views.

The first bid came in at S$6.4 million, before this was raised to S$6.5 million. The unit was sold at the third bid, at S$6.6 million.

Offers also flew in for a 1,658 sq ft unit on the 53rd floor. With an opening price of S$5.55 million, the unit received bids from S$5.3 million, before the fifth bid at S$5.48 million completed the sale.

The final two units - 1,313 sq ft on the 51st floor and 1,755 sq ft on the 54th floor - did not receive any interest and were withdrawn.

South Beach is a commercial and residential complex at Beach Road. (Photo: iStock)

ETC held its auction at its office in UIC Building. More than 45 bidders had registered to take part in Wednesday's auction, but only 11 turned up. About 30 other bidders walked in, and those who attended were given a handout of the listings.

Successful bidders had to sign an offer to purchase and put down a 10 per cent deposit on the day.

The auction started with the most expensive unit on the list - a 6,727 sq ft, four-bedroom penthouse at South Beach Residences, with a guide price of S$25.3 million.

Bidding started at the guide price, but drew no offers and was withdrawn.

Four other units at the condominium also went under the hammer on Wednesday. All four, ranging from 1,087 sq ft to 1,744 sq ft, opened between S$4.3 million and S$6.6 million, and received no bids.

Two units at 8 Saint Thomas, a condominium in River Valley, were up for grabs.

The first, a 1,302 sq ft unit on the 20th floor, started at S$4.4 million while the second, a 1,755 sq ft unit nine floors higher, opened at S$5.7 million. Both received no interest.

A 1,679 sq ft unit on the 20th floor of Paterson Suites, which is a 10-minute walk from Orchard MRT station, opened at S$5.18 million. Silence filled the room and there was no bid, and the unit was withdrawn.

The only commercial unit at the auction, an 8,800 sq ft four-storey factory at Shun Li Industrial Park, opened at S$3.63 million and drew a counter-offer of S$3.1 million.

The unit was withdrawn, although the auctioneer said they would speak with the bidder later.

The penthouse unit at South Beach Residences will go to auction on Sep 23, 2026. (Photo: ETC)

At Knight Frank’s auction last Thursday, the first properties seized in connection with Singapore's largest money laundering case went under the hammer, but none were sold.

Among the offerings were six residential apartments and one office unit.

Speaking to reporters after the auction, director of auction and sales at Knight Frank Singapore Tricia Tan said the real estate firm would have to get instructions from authorities on the next steps for the unsold properties.

This includes whether the real estate company can get into private negotiations with bidders to sell the unit, or if it should repeat the auction.

Deloitte was appointed by the Singapore Police Force in July 2025 to manage and realise the non-cash assets forfeited in the case.

In response to CNA’s queries after the Knight Frank auction, Mr Justin Lim, performance improvement and restructuring partner at Deloitte Singapore, said there were no plans to revise the reserve prices of the properties scheduled for auction on Wednesday.

More than 80 properties will be put up for sale from September to mid-2027 . They are part of the S$3 billion worth of assets seized after islandwide raids in August 2023 uncovered millions of dollars earned from an illicit gambling ring in Southeast Asia.

Get our pick of top stories and thought-provoking articles in your inbox

Stay updated with notifications for breaking news and our best stories

Join our channel for the top reads for the day on your preferred chat app

大部分拍卖的豪华房产都没有收到任何报价，其中包括位于南海滩住宅区的一套价值 2530 万新元的顶层公寓。

丹戎巴葛的华利世家 (Wallich Residence)。 （照片：SRI）

这段音频是由人工智能工具生成的。

新加坡：在新加坡30亿新元洗钱案中查获的四套公寓于周三（9月23日）拍卖售出，而其他15套待售公寓大多无人问津。

待售的著名房产包括位于南滩住宅区的一套四居室顶层公寓，指导价为 2530 万新加坡元（1980 万美元）。

房地产中介公司SRI和Edmund Tie and Company (ETC)周三分别在其办公地点举行了拍卖会。拍卖会期间禁止拍照或录像。

马丁现代，华利世住宅

SRI在其位于大世界城的办公室举行了拍卖会，吸引了约60人参加。

CNA游戏 猜词游戏 逐行破解单词 流行词游戏 用给定的字母组成单词 迷你数独 小小的谜题，强大的脑力挑战 迷你填字游戏 小方格，大挑战 单词搜索 尽可能多地找出单词 显示更多 显示更少 马丁现代大厦的六套公寓率先进行拍卖，其中四套面积小于1000平方英尺。第一套位于26楼，面积764平方英尺，起拍价约为224万新元。经过长时间的沉寂后，有人提出205万新元的还价。这引发了另外三次竞价，最终该公寓以212万新元成交。一套位于29楼的两居室公寓也以约224万新元起拍，但在三次竞价后，该公寓撤回，最高出价为211万新元。另有三套位于26层至29层、面积在764平方英尺至1733平方英尺之间的公寓无人问津。马丁现代大厦最后一套位于17层的公寓，面积为764平方英尺，最终以208万新元的价格售出——这是该公寓开价约224万新元后收到的唯一报价。

Martin Modern 的六套公寓率先被拍卖，其中四套面积小于 1000 平方英尺。

第一套位于26楼、面积764平方英尺的公寓，起拍价约为224万新元。经过长时间的沉寂后，有人提出205万新元的还价。这引发了另外三轮竞价，最终该公寓以212万新元成交。

29楼一套两居室单元也以约224万新元的价格开盘，但经过三次竞标后，该单元被撤回，最高出价为211万新元。

另外三套位于 26 层至 29 层之间的公寓，面积在 764 平方英尺至 1,733 平方英尺之间，无人问津。

Martin Modern 的最后一套公寓位于 17 楼，面积为 764 平方英尺，以 208 万新元的价格售出——这是该公寓开价约 224 万新元后收到的唯一报价。

马丁现代建筑的外立面。（图片：SRI）

SRI还在Wallich Residence推出了四套待售单元。这些单元面积远大于Martin Modern的在售单元，介于1313平方英尺至1991平方英尺之间，吸引了众多买家的关注。

首套也是最大的一套公寓售价为678万新元。该公寓位于61层，可同时欣赏海景和城市景观。

第一次出价为640万新元，之后提高到650万新元。最终，该房产以第三次出价660万新元成交。

位于53层的一套面积为1658平方英尺的公寓也收到了大量报价。该公寓起拍价为555万新元，中期报价从530万新元起，最终以548万新元的第五份报价成交。

最后两套单元房——51楼的1313平方英尺和54楼的1755平方英尺——没有引起任何兴趣，因此被撤回。

南滩是位于海滩路的一个商业和住宅综合体。（图片：iStock）

ETC公司在其位于UIC大楼的办公室举行了拍卖会。超过45名竞标者登记参加周三的拍卖会，但只有11人到场。另有约30名竞标者现场参与，到场者均收到了一份拍品清单。

竞标成功的买家必须签署购买要约，并在当天支付 10% 的定金。

拍卖会以清单上最贵的单元开始——位于南滩住宅区的一套面积为 6,727 平方英尺、拥有四间卧室的顶层公寓，指导价为 2530 万新元。

竞标以指导价开始，但无人出价，最终撤回。

该公寓楼的另外四套单元房也于周三进行拍卖。这四套单元房面积从1087平方英尺到1744平方英尺不等，起拍价在430万新元到660万新元之间，但均无人问津。

位于 River Valley 的 8 Saint Thomas 公寓有两套单元房待售。

第一套位于20楼，面积1302平方英尺，起价440万新元；第二套位于20楼，面积1755平方英尺，起价570万新元。两套公寓均无人问津。

位于帕特森套房酒店20楼的一套面积为1679平方英尺的公寓，距离乌节地铁站步行仅需10分钟，标价518万新元。然而，现场一片寂静，无人出价，该公寓最终撤回。

此次拍卖中唯一的商业单元是位于顺利工业园的一栋 8,800 平方英尺的四层厂房，起拍价为 363 万新元，并收到了 310 万新元的还价。

虽然拍卖师表示稍后会与竞标者联系，但该房产已被撤回。

位于南海滩住宅区的顶层公寓将于2026年9月23日进行拍卖。（图片：ETC）

上周四，莱坊拍卖行拍卖了与新加坡最大洗钱案有关的首批查封房产，但无一售出。

提供的房源包括六套住宅公寓和一套办公单元。

拍卖结束后，莱坊新加坡拍卖及销售总监陈翠霞在接受记者采访时表示，对于未售出的房产，该公司需要得到有关部门的指示才能采取下一步措施。

这包括房地产公司是否可以与竞标者进行私下谈判出售该房产，或者是否应该重新进行拍卖。

2025年7月，新加坡警方委任德勤负责管理和变现此案中没收的非现金资产。

在莱坊拍卖会结束后，针对 CNA 的询问，德勤新加坡的绩效改进和重组合伙人 Justin Lim 先生表示，目前没有计划修改周三拍卖房产的底价。

从9月到2027年年中，将有80多处房产被挂牌出售。这些房产是2023年8月全岛突击搜查后查获的价值30亿新元资产的一部分，当时警方破获了一个来自东南亚非法赌博团伙的数百万美元非法所得。

订阅我们的邮件，即可获取精选热点新闻和引人深思的文章。

订阅通知，第一时间获取突发新闻和精彩报道。

加入我们的频道，即可在您常用的聊天应用上获取当日热门文章。