Seized Sentosa Cove bungalows of money launderers Su Haijin and two others hit the market
[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...
Three luxury bungalows in Sentosa Cove, linked to convicted money launderer Su Haijin and two others, are now available for sale. These properties were seized as part of a major money laundering probe by Singapore's Commercial Affairs Department, which resulted in the seizure of over S$3 billion in cash and assets. Su Haijin, Zhang Ruijin, and Lin Baoying are the registered owners of their respective properties, but their right to deal with them has been temporarily disabled by the law.
The three bungalows are among the 18,740 sq ft of land seized in the probe. The Sentosa Cove properties are being sold through an expression of interest (EOI) process, allowing potential buyers to submit non-binding offers by a set closing date. Zhang Ruijin's 879.6 sq m two-storey detached house on Pearl Island, with private yacht berths, is up for EOI sale at S$15.68 million, while Lin Baoying's properties at 38 and 40 Ocean Drive are listed at S$22.8 million.
Su Haijin's vacant land in Cove Drive is up for sale at S$23.65 million, with a closing date of Nov 12.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
