Singapore Money-Laundering Case: 14 More Luxury Apartments and an Office Go to Auction

A four-bedroom penthouse at Singapore’s South Beach Residences, offered at a guide price of S$25.32 million, is among 14 luxury condominium units and a Grade A office being put up for auction this month. The assets were forfeited in connection with Singapore’s S$3 billion money-laundering case.

Edmund Tie & Company will auction five South Beach units on Sept. 23, with guide prices ranging from S$4.45 million to S$25.32 million. The offering includes three two-bedroom units, one three-bedroom unit and the 6,727-square-foot penthouse on the 42nd floor.

The same auction will feature two units at the freehold 8 Saint Thomas development in River Valley, priced at S$4.4 million and S$5.72 million, and a three-bedroom unit at Paterson Suites near Orchard MRT, priced at S$5.18 million.

Knight Frank will hold a separate auction on Sept. 17 for a 3,498-square-foot office at Suntec Tower One, with a guide price of S$11.5 million. The agency describes it as a fitted Grade A office ready for occupation. Two three-bedroom units at Sloane Residences will carry guide prices of S$3.6 million to S$3.7 million, while four units at Gramercy Park will be offered between S$3.8 million and S$7.6 million.

SRI has so far been appointed to auction 10 units at Martin Modern and Wallich Residence. Selected properties will also be offered through an expression-of-interest process. Deloitte said the forfeited assets will be sold in phases between September 2026 and mid-2027, following its appointment by the Singapore Police Force to manage and realize the non-cash assets.