Four Condos Sold at Singapore’s S$3 Billion Money-Laundering Case Auctions

Four condominium units linked to Singapore’s S$3 billion money-laundering case sold at auction on September 23, 2026, for a combined S$16.28 million. All four sales were at SRI’s auction: two units at Martin Modern and two at Wallich Residence. Most other properties offered that day did not find buyers.1318

Which condos sold—and for how much?

One Martin Modern two-bedroom apartment sold for S$2.12 million after opening at S$2.238 million. A Wallich Residence apartment sold for S$6.6 million. The supplied reporting confirms two sales at each development but does not establish the unit details and individual sale prices for all four, so a complete four-unit breakdown would be unreliable.23613

SRI had put ten units from the two developments up for auction. Four sold, leaving six without a completed auction sale.18

Which properties received no bids?

At Edmund Tie & Company’s auction, eight residential lots received no bids: five apartments at South Beach Residences, two at 8 Saint Thomas and one at Paterson Suites. The South Beach group included a four-bedroom penthouse that drew no bids at an opening price of S$25.32 million, commonly rounded to S$25.3 million. All nine lots at that auction were withdrawn.6

The ninth lot was an industrial unit at Shun Li Factory. A reported S$3.1 million offer for it was withdrawn, so it did not result in a sale. A Suntec Tower One office was also among the properties marketed for the wider round of auctions, but the supplied results do not establish its outcome; it should not be counted as a confirmed September 23 no-bid lot.189

What happens to the unsold properties?

The results show that some buyers were willing to bid, but not enough lots found buyers to clear the day’s offerings. The supplied reports do not provide a reliable, property-by-property account of auctioneers’ comments on buyer interest, future asking prices or when withdrawn lots might return to market. The September auctions were part of a phased disposal of more than 80 seized properties, expected to continue until mid-2027.137