They were the only properties to find buyers among approximately 20 offered at two separate auctions, according to The Business Times.
The four units are located two each at Martin Modern, located in Singapore’s prime District 9, and Wallich Residence, in Tanjong Pagar business district.
At Martin Modern, a two-bedroom apartment sold for S$2.12 million, while another on the 17th floor fetched S$2.08 million.
At Wallich Residence, a three-bedroom apartment was sold for S$6.6 million, while another unit went under the hammer at S$5.48 million.
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Wallich Residence, Singapore. Photo courtesy of Wallich Residences |
In total, more than 80 real estate properties will go up for auction, with the government seeking to liquidate assets seized during investigations, according to The Straits Times.
Singapore police launched islandwide raids in August 2023, as part of a money laundering investigation, which resulted in the arrest of 10 foreigners. All 10 have since been convicted and deported.
During the investigation into the country’s largest money laundering case, which is estimated to be S$3 billion in size, police seized or took control of about S$1.25 billion in assets other than cash, including cars, properties, art, watches, jewelry, gold bars, handbags and bottles of alcohol.
The government confiscated 207 properties, 77 vehicles, more than S$1.45 billion held in bank accounts and more than S$76 million in cash across various currencies.
Authorities also seized thousands of bottles of liquor and wine, more than S$38 million worth of cryptocurrency, 68 gold bars, 483 luxury bags, 169 branded watches and 580 pieces of jewelry.