Four condominium units seized in S$3b money laundering case sold at auction
Only four of about 20 seized properties sold as most luxury units drew no bids, officials said.
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6 Articles
4 condos seized in Singapore's $3b money-laundering case just sold at auction — here's how much they sold for
Four condominium units that were seized during Singapore’s $3 billion money-laundering case were sold during a property auction by SRI on Sept 23, with two units each at Martin Modern and Wallich Residence finding buyers.All things considered, this is a surprisingly strong result for a property auction where it takes a little bit longer for most properties on the block...
Four properties linked to S$3bil money laundering case in Singapore sold at auction; 15 others withdrawn
SINGAPORE: Four luxury apartments in Wallich Residence and Martin Modern were sold at auction on Wednesday (Sept 23), while 15 other properties were withdrawn, as the Government looks to liquidate assets seized in the S$3 billion money laundering case.
Penthouse linked to $3 billion money laundering case goes under the hammer with guide price of $25m
A total of 26 properties linked to the $3 billion-dollar money laundering case will be put up for sale in the first tranche of auctions. Read more at straitstimes.com.
Four condo units seized in money laundering case sold at auction for $2.08 mil to $6.6 mil
Two units at the Martin Modern condo in River Valley and another two at Wallich Residence within Guoco Tower in Tanjong Pagar were sold at SRI’s public auction on Sept 23, fetching $2.08 million to $6.6 million each. There were no takers for most of the other luxury properties that went under the hammer. ETC also conducted an auction on the same day with nine properties, though none were sold and the residential units received no bids. All of t…
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