Singapore penthouse linked to $3 billion money laundering case up for auction

Money laundering suspect Su Yongcan’s South Beach Residences penthouse is on the auction block on Sept 23.

Listen Summarise A 42nd-floor penthouse linked to the $3 billion money laundering case, auctioned with a guide price of $25.3 million, is part of 26 luxury properties up for sale in Singapore. Previous owner Su Yongcan, who fled Singapore, is among 15 suspects who surrendered assets worth $1.85 billion. More than 80 seized properties will be sold in phases until mid-2027, with all proceeds going to the Government's Consolidated Fund. AI generated

SINGAPORE – Four luxury apartments at Wallich Residence and Martin Modern were sold at auction on Sept 23, while 15 other properties were withdrawn, as the Government looks to liquidate assets seized in the $3 billion money laundering case.