{
  "id": 12256160,
  "title": "Seized Sentosa Cove bungalows owned by money launderers Su Haijin and two others hit the market",
  "url": "https://urgent.news/2026/10/05/seized-sentosa-cove-bungalows-owned-by-money-launderers-su-haijin-and",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-05T11:28:16.000Z",
  "source": {
    "name": "The Business Times - Singapore",
    "slug": "the-business-times-singapore",
    "url": "https://www.businesstimes.com.sg/singapore/seized-sentosa-cove-bungalows-owned-money-launderers-su-haijin-and-two-others-hit-market"
  },
  "original_language": "en",
  "account": "Three three-story bungalows with private yacht berths in Sentosa Cove, owned by convicted money launderer Su Haijin and his associates, are now being auctioned, according to Singapore Land Authority documents. Two additional bungalows at Ocean Drive are also up for sale, belonging to Lin Baoying and her lover Zhang Ruijin. The seized properties, valued at S$3 billion, are part of the assets recovered in a major money laundering investigation by Singapore's Commercial Affairs Department. The auction process, an expression of interest sale, allows potential buyers to submit non-binding offers by a closing date. Su Haijin's vacant land in Sentosa Cove is on the market for S$23.65 million, while Zhang Ruijin's property in Pearl Island is listed for S$15.68 million. Lin Baoying's Ocean Drive bungalows are offered at S$22.8 million. The auction process aims to attract serious buyers, but some may wait to see the level of interest before negotiating.",
  "summary": "All proceeds from the sale of the assets will go to the government’s Consolidated Fund",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}