$14M penthouse leads auction of 6 more homes seized in Singapore's biggest money laundering case

Six more freehold luxury apartments seized in Singapore's S$3 billion (US$2.3 billion) money laundering case will go under the hammer on Oct. 28, after only four of the first 26 properties offered at auction found buyers. The largest, a four-bedroom duplex penthouse on the 36th floor of the Nouvel 18 condominium, is listed at S$18 million (US$14 million), according to the listings of SRI, the brokerage running the auction.Five of the units are at Nouvel 18 in the Ardmore Park enclave near Orchard Road and the sixth is a four-bedroom apartment at New Futura on Leonie Hill Road, The Straits Times reported.The auction is set at the Great World office of SRI, which is one of three brokerages appointed to auction properties tied to the case.The Nouvel 18 units range from 124 to 569 square meters and come in two-bedroom-plus-study, three-bedroom, three-bedroom-plus-study and four-bedroom layouts, with guide prices of about S$31,600 to S$38,300 per square meter.The 250-square-meter New Futura apartment carries a guide price of S$9.8 million (US$7.6 million).Both developments are freehold. Nouvel 18, completed in 2014, has 156 units across two 36-story blocks, while New Futura, completed in 2017, has 124 units, EdgeProp reported."With five units being offered at auction, buyers have multiple opportunities to secure a freehold residence within a development that offers privacy, comprehensive facilities and close proximity to Orchard Road," Mok Sze Sze, managing partner of SRI Auction, said of Nouvel 18 in remarks carried by The Straits Times.The six units bring to 32 the number of properties linked to the case that have been put up for auction since September. A pool terrace shown in the listing for the 36th-floor penthouse at Nouvel 18 in Singapore, one of six seized apartments going to auction on Oct. 28, 2026. Photo courtesy of SRI More than 80 properties and over 1,000 luxury items are to be sold in phases through mid-2027, according to Deloitte, which the Singapore Police Force appointed in July 2025 to manage and sell the non-cash assets forfeited in the case.Proceeds from the sales go to the government's Consolidated Fund, Singapore news site Mothership reported.Separately, three bungalows with private yacht berths and a vacant sea-view plot in Sentosa Cove are being sold through expressions of interest by List Sotheby's International Realty.Their guide prices range from S$15.68 million to S$23.65 million, with bids closing between Oct. 15 and Nov. 12.The Sentosa Cove properties belong to Su Haijin, Lin Baoying and Zhang Ruijin, three of the 10 foreigners arrested in August 2023 in what The Straits Times describes as Singapore's biggest money laundering case.All 10 were jailed, made to forfeit their cash and assets, deported after serving their sentences and barred from re-entering Singapore.