$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.
Singapore's biggest money laundering case, which involved over 80 properties and over 1,000 luxury items, continues with the auction of six seized homes. The largest property, a four-bedroom duplex penthouse on the 36th floor of the Nouvel 18 condominium, is listed at S$18 million (US$14 million). The auction, run by SRI brokerage, will take place at the Great World office of SRI and includes five units in Nouvel 18, a freehold development in Ardmore Park, and one four-bedroom apartment in New Futura, another freehold development in Leonie Hill Road.
The auction is one of three brokerages appointed to auction properties tied to the case, with proceeds going to Singapore's Consolidated Fund.
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