Seized Sentosa Cove bungalows of money launderers Su Haijin and two others hit the market

Three bungalows with private yacht berths owned by convicted money launderers Zhang Ruijin and his lover Lin Baoying in Singapore’s premier waterfront residential enclave Sentosa Cove are up for sale.

ST PHOTO: KUA CHEE SIONG

Published Oct 05, 2026, 12:00 PM

Updated Oct 05, 2026, 12:00 PM

Three Sentosa Cove bungalows linked to convicted money launderers Zhang Ruijin and Lin Baoying are up for sale via an expression of interest (EOI) process.

The properties include luxury homes with private yacht berths, valued between $15.68 million and $22.8 million.

Over 80 seized assets from the $3 billion money laundering case will be listed for sale by mid-2027, with proceeds paid into the Government's Consolidated Fund.

SINGAPORE – Three bungalows with private yacht berths in Sentosa Cove linked to the nation’s biggest money laundering case are on the market, The Straits Times has learnt.

An amalgamated 99-year leasehold plot at 143 and 145 Cove Drive has also been listed for sale.

According to Singapore Land Authority (SLA) documents, the plot which two bungalows previously occupied is owned by convicted money launderer Su Haijin.

Two other bungalows at 38 and 40 Ocean Drive are owned by Lin Baoying, and one bungalow at 13 Pearl Island is owned by her lover Zhang Ruijin.

Based on SLA records, the three foreigners are the registered owners of their respective properties, but their right to deal with them is now disenfranchised by the law.

These properties in Singapore’s premier waterfront residential enclave are among $3 billion in cash and assets seized in the Commercial Affairs Department probe.

Checks by ST showed that the bungalows and Su Haijin’s seaview plot have been put up for expression of interest (EOI) sale by luxury residential brokerage List Sotheby’s International Realty (ListSIR).

In an EOI sale, potential buyers submit non-binding offers indicating their interest in buying a property by a set closing date.

“The EOI process is transparent and confidential, allowing sellers to gauge market interest while reaching a wider pool of potential investors,” Nicholas Ng, executive director and head of land and collective sales at JLL Singapore, said.

Spanning 18,740 sq ft, Su Haijin’s vacant land is up for EOI sale at a guide price of $23.65 million, with the closing date for bid submission on Nov 12 at 3pm.

The Cypriot national was arrested in August 2023.

In April 2024, the State Courts ordered the forfeiture of more than $165 million of $174 million worth of assets, consisting of cash, properties, jewellery, luxury items and alcohol seized from Su Haijin, his wife and his companies.

According to a listing, Zhang’s 879.6 sq m two-storey detached house in Pearl Island comes with marble floors, five bedrooms ensuite, entertainment room, wine cellar, basement and attic, a swimming pool and a home lift.

Pearl Island comprises 19 leasehold bungalows developed by Ximeng Land, a unit of Chinese real estate group Ximeng Asset Holdings.

Featuring an island-within-an-island design concept, the bungalows are surrounded by a man-made waterway and come with private yacht berths.

Zhang’s property is up for EOI sale at $15.68 million and the closing date for bid submission is Oct 15 at 3pm.

Zhang was sentenced to 15 months’ jail after he pleaded guilty in Singapore to money laundering and forgery charges.

Lin was handed the same sentence. The pair are among 10 foreigners arrested in the probe, given jail sentences and made to forfeit their cash and assets.

All 10 have since been deported after serving their sentences and are barred from re-entering Singapore.

SLA documents show that Lin, a Chinese national who holds passports from Cambodia, Dominica and Turkey, is the owner of the bungalows at 38 and 40 Ocean Drive.

According to a listing, both properties, which sit on a 15,798 sq ft site, are up for EOI sale at a guide price of $22.8 million. The closing date for bid submission is Oct 29 at 3pm.

According to JLL’s Ng, the EOI process is “frequently used to market high-quantum-value properties because it makes the decision-making process easier for sellers, as all interested buyers submit offers for consideration” by a firm cut-off date.

However, he noted that this can have mixed results.

“While it attracts serious buyers, some parties who are interested in the property may choose to remain on the sidelines, preferring to wait and see the level of market interest before entering negotiations,” he added.

Checks by ST also found other Sentosa properties linked to the money laundering case.

They include a bungalow at 97 Cove Drive. It is owned by Wang Bingang, a cousin of Wang Baosen, who was convicted in the same case.

Among the 10 foreigners convicted in the case, a number had bought 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 authorities also went after $2.1 billion worth of assets linked to 17 suspects, including Wang Bingang.

In November 2024, police said that 15 of them agreed to surrender their assets, valued at around $1.85 billion, in exchange for the withdrawal of Interpol notices against them.

Wang Bingang, who was the founder of the Hongli gambling syndicate in China, had been convicted in Beijing in 2015 for his involvement in a criminal organisation.

Besides the Sentosa Cove bungalow, Zhang also owned a 185 sq m luxury four-bedroom apartment on the 61st floor of Wallich Residence.

The apartment was sold at an auction for $6.6 million on Sept 23 by realtor SRI, one of three brokerages appointed to conduct the property auctions.

Of 26 properties put on the auction block on Sep 17 and 23, only four luxury apartments in Wallich Residence and Martin Modern totalling $16.28 million in value were sold.

These properties are among more than 80 properties to be put up for sale as part of Deloitte’s strategy to oversee and liquidate non-cash assets seized during investigations by the Commercial Affairs Department.

The properties are being progressively put up for sale in phases between September 2026 and mid-2027 and are open to the public for bidding.

All proceeds from the sale of the assets will be paid into the Consolidated Fund, which is analogous to a bank account held by the Government.

The EOI sale of the Sentosa Cove bungalows comes amid reports that few landed homes in Pearl Island and Ocean Drive have changed hands recently.

Based on caveats lodged, the sole deal in 2026 was transacted in January at $13.6 million for a property located at 225 Ocean Drive, Samuel Eyo, managing director of Lighthouse Property Consultants, noted.

“The main reason is the 60 per cent Additional Buyer’s Stamp Duty that foreigners pay on residential property in Singapore.

“Permanent residents and foreigners also need SLA approval to buy landed homes in Sentosa Cove, and these homes are generally intended for owner occupation rather than investment. So, that keeps speculative buying out,” he added.

新加坡顶级海滨住宅区圣淘沙湾的三栋带私人游艇泊位的平房正在出售，这些平房的所有者是已被定罪的洗钱者张瑞金和他的情人林宝英。

《海峡时报》摄影：郭志雄

发布于2026年10月5日下午12:00

更新于2026年10月5日中午12:00

与被定罪的洗钱者张瑞金和林宝英有关的三栋圣淘沙湾别墅正在通过意向表达（EOI）程序出售。

这些房产包括带私人游艇泊位的豪华住宅，价值在 1568 万美元至 2280 万美元之间。

到 2027 年年中，从这起 30 亿美元的洗钱案中查获的 80 多项资产将被列入出售清单，所得款项将支付给政府的综合基金。

新加坡——据《海峡时报》报道，与该国最大洗钱案有关的圣淘沙湾三栋带私人游艇泊位的平房正在出售。

位于科夫大道 143 号和 145 号的合并 99 年租赁地块也已挂牌出售。

根据新加坡土地管理局 (SLA) 的文件，这块之前建有两栋平房的地块属于已被定罪的洗钱者苏海金所有。

海洋大道 38 号和 40 号的另外两栋别墅属于林宝英所有，珍珠岛 13 号的一栋别墅属于她的情人张瑞金所有。

根据 SLA 记录，这三名外国人是各自房产的登记所有者，但法律现在剥夺了他们对这些房产进行交易的权利。

这些位于新加坡顶级海滨住宅区的房产，是商业事务局调查中查获的30亿美元现金和资产的一部分。

ST 的调查显示，这些别墅和苏海金的海景地块已由豪华住宅经纪公司 List Sotheby's International Realty (ListSIR) 挂牌出售，接受意向书 (EOI)。

在 EOI 销售中，潜在买家提交不具约束力的报价，表明他们有意在设定的成交日期前购买房产。

“意向书流程透明且保密，使卖家能够评估市场兴趣，同时接触到更广泛的潜在投资者，”仲量联行新加坡执行董事兼土地及集体销售主管吴尼古拉斯表示。

苏海金的这块占地 18,740 平方英尺的空地将以 2365 万美元的指导价进行意向书出售，投标截止日期为 11 月 12 日下午 3 点。

这名塞浦路斯公民于2023年8月被捕。

2024 年 4 月，州法院下令没收苏海金、他的妻子及其公司所拥有的价值 1.74 亿美元的资产中的 1.65 亿美元以上，这些资产包括现金、房产、珠宝、奢侈品和酒类。

根据房源信息，张先生在珍珠岛的这栋 879.6 平方米的两层独立式住宅，配有大理石地板、五间带独立卫浴的卧室、娱乐室、酒窖、地下室和阁楼、游泳池以及家用电梯。

珍珠岛由西盟置地（中国房地产集团西盟资产控股旗下子公司）开发，包含 19 栋租赁产权的别墅。

这些别墅采用岛中岛的设计理念，周围环绕着人工水道，并配有私人游艇泊位。

张先生的房产将以 1568 万美元的价格进行意向书出售，投标截止日期为 10 月 15 日下午 3 点。

张某在新加坡承认洗钱和伪造罪名后，被判处 15 个月监禁。

林某被判处同样的刑罚。这两人是此次调查中被捕的10名外国人中的两位，他们均被判处监禁并被没收现金和资产。

这10人服刑期满后均已被驱逐出境，并被禁止再次入境新加坡。

SLA 文件显示，林某是中国公民，持有柬埔寨、多米尼克和土耳其护照，是海洋大道 38 号和 40 号平房的所有者。

根据房源信息，这两处房产占地15798平方英尺，现以2280万美元的指导价进行意向书招标。投标截止日期为10月29日下午3点。

据仲量联行的吴先生称，EOI流程“经常用于营销高价值房产，因为它使卖家的决策过程更容易，所有感兴趣的买家都会在规定的截止日期前提交报价供考虑”。

但他指出，这可能会产生好坏参半的结果。

“虽然这处房产吸引了不少认真的买家，但一些对此感兴趣的买家可能会选择观望，更愿意等待市场反应，然后再进行谈判，”他补充道。

《海峡时报》的调查还发现，圣淘沙的其他房产也与这起洗钱案有关。

其中包括位于科夫路97号的一栋平房。该平房的所有者是王炳刚，他是王宝森的表弟，王宝森在同一案件中被定罪。

在该案中被定罪的 10 名外国人中，有不少人购买了新加坡一些最热门黄金地段项目的豪华单元，包括 Canninghill Piers、South Beach Residences 和 Gramercy Park，这些项目于 2017 年至 2021 年间推出。

当局还追查了与包括王炳刚在内的 17 名嫌疑人有关的价值 21 亿美元的资产。

2024 年 11 月，警方表示，其中 15 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。

王彬刚是中国红利赌博集团的创始人，他于 2015 年在北京因参与犯罪组织而被定罪。

除了圣淘沙湾的别墅外，张先生还在华利世家61楼拥有一套185平方米的豪华四居室公寓。

9 月 23 日，这套公寓通过房地产经纪公司 SRI 以 660 万美元的价格拍卖售出。SRI 是被指定进行房产拍卖的三家经纪公司之一。

9 月 17 日和 23 日，共有 26 处房产被摆上拍卖台，但只有 Wallich Residence 和 Martin Modern 的四套豪华公寓售出，总价值达 1628 万美元。

这些房产是德勤为监督和清算商业事务部调查期间查获的非现金资产而制定的战略的一部分，该战略包括出售 80 多处房产。

这些房产将于 2026 年 9 月至 2027 年年中分阶段逐步上市出售，并向公众开放竞标。

出售资产所得款项将全部存入统一基金，该基金类似于政府持有的银行账户。

圣淘沙湾别墅的意向书销售正值有报道称珍珠岛和海洋大道的有地住宅近期鲜有易手之际。

据灯塔地产顾问公司总经理塞缪尔·埃约 (Samuel Eyo) 指出，根据已提交的警告，2026 年唯一的交易是在 1 月份以 1360 万美元的价格成交的，房产位于海洋大道 225 号。

“主要原因是外国人在新加坡购买住宅物业时需缴纳 60% 的额外买家印花税。

“永久居民和外国人也需要获得新加坡土地管理局（SLA）的批准才能在圣淘沙湾购买有地住宅，而且这些住宅通常是供业主自住而非投资。因此，这可以有效防止投机性购买，”他补充道。