{
  "id": 5028127,
  "title": "S$3b money laundering case: Ten luxury apartments to be auctioned on Sep 23",
  "url": "https://urgent.news/2026/09/02/s-3b-money-laundering-case-ten-luxury-apartments-to-be-auctioned-on",
  "topic": "world",
  "section": "World",
  "published": "2026-09-02T06:08:00.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/singapore/3b-money-laundering-10-luxury-properties-auction-sri-6356776"
  },
  "original_language": "en",
  "account": "Ten luxury Singapore apartments associated with a S$3 billion money laundering investigation will be auctioned on September 23, 2023, according to prosecutors. The properties, located in River Valley and Tanjong Pagar, have estimated guide prices ranging from S$2.238 million to S$6.78 million. The auction, conducted by real estate agency SRI, will take place at its Great World City office at 2.30pm. Among the 10 forfeited properties, four are found in Wallich Residence, a part of Guoco Tower with direct access to Tanjong Pagar MRT Station. The remaining six are situated in Martin Modern, also in River Valley. The auctioned apartments range from 2- to 4-bedroom units, with sizes between 764 sqft to 1,733 sqft and prices starting from $2,874 to $6.78 per square foot. The remaining properties will be offered through an expression of interest process managed by List International Realty. The money laundering case was uncovered after island-wide raids in August 2023 that revealed illicit gambling earnings in Southeast Asia. The 10 suspects, all originally from China, have been convicted and deported following their sentences.",
  "summary": "Guide prices for the properties at Martin Modern and Wallich Residence range from S$2.238 million to S$6.78 million.",
  "key_points": [
    "Ten luxury Singapore apartments linked to S$3B money laundering case to be auctioned on Sep 23, 2023",
    "Auction by SRI at Great World City office, properties range from S$2.238M to S$6.78M"
  ],
  "editors_take": "The auction of ten luxury apartments linked to a S$3 billion money laundering case marks a step in recovering assets allegedly tied to illicit activities, as authorities pursue financial penalties.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "CNA - Singapore",
        "title": "S$3b money laundering case: Ten luxury apartments to be auctioned on Sep 23",
        "url": "https://urgent.news/2026/09/02/s-3b-money-laundering-case-ten-luxury-apartments-to-be-auctioned-on-5032834",
        "published": "2026-09-02T06:08:00.000Z"
      }
    ]
  },
  "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."
}