A total of 24 to 26 luxury condominium units and 2 office spaces connected to Singapore’s $3 billion money laundering investigation will be auctioned this September 2026 [1, 2, 3, 4, 5].
The properties include prestigious addresses such as South Beach Residences, 8 Saint Thomas, Paterson Suites, Wallich Residence, Martin Modern, Gramercy Park, and Sloane Residences. The office spaces up for sale are located at Suntec Tower One and Shun Li Industrial Park [1, 2, 3, 4, 5].
Auction dates are set for September 17 and 23. Knight Frank will hold the first auction on September 17, auctioning the Suntec Tower One office as well as units at Gramercy Park and Sloane Residences. Edmund Tie & Company and SRI will follow on September 23, offering South Beach Residences, 8 Saint Thomas, Paterson Suites, Wallich Residence, Martin Modern, and the Shun Li Industrial Park office [1, 2, 3, 4].
Guide prices range widely depending on location and property type. For example, the South Beach Residences 42nd-floor penthouse, approximately 6,700 square feet, has a guide price of about S$25.3 million. Luxury condominiums at Wallich Residence and Martin Modern carry guide prices between S$2.238 million and S$6.78 million. The 3,498 square foot office at Suntec Tower One is priced around S$11.5 million [1, 2, 3, 4, 5].
On August 29, Deloitte announced that more than 80 properties and over 1,000 additional assets such as jewellery and luxury watches connected to the probe will be progressively auctioned [2, 3, 4].
Justin Lim, Deloitte’s performance improvement and restructuring partner, said, “Apart from auctions, certain assets may also be realised through alternative sale methods such as limited tender, expression of interest or direct selling” [2].
In addition, local auction house Hotlotz will conduct 15 auctions of smaller assets beginning with two online auctions on September 7, continuing through May 2027 [2, 3, 4].
