Seized Sentosa Cove bungalows of money launderers Su Haijin and two others hit the market
Guide prices for the expression of interest sale of two bungalows start at $15.68M each.
Three bungalows in Sentosa Cove, linked to convicted money launderer Su Haijin and two others, are now on the market. The luxurious properties with private yacht berths and beachfront locations were among assets seized in a massive probe led by the Commercial Affairs Department.
Su Haijin, a Chinese national, is the registered owner of the 18,740 sq ft vacant land at 143 and 145 Cove Drive. The plot, which previously housed two bungalows, is owned by him according to SLA records. He was arrested in August 2023 and sentenced to 15 months' jail for money laundering and forgery charges in April 2024. The 99-year leasehold property is up for expression of interest (EOI) sale at $23.65 million, with the closing date for bids on Nov 12.
Zhang Ruijin, Su Haijin's lover, owns a bungalow at 13 Pearl Island with his property. The two-storey villa, spanning 879.6 sq m, comes with marble floors, five en-suite bedrooms, a wine cellar and pool, among other amenities. Zhang was sentenced to 15 months' jail and is currently barred from re-entering Singapore. The pearl island property is listed for EOI sale at $15.68 million, closing on Oct 15.
Lin Baoying, the other co-owner of the Cove Drive bungalows, is a Chinese national with passports from Cambodia, Dominica and Turkey. Along with Zhang, she was also convicted and sentenced to 15 months' jail. Both her properties, located at 38 and 40 Ocean Drive, are up for EOI sale at $22.8 million, closing on Oct 29.
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