# $55 mil Good Class Bungalow part of police asset freeze

- **Source:** EdgeProp Singapore
- **Published:** 2026-07-02T00:15:02.000Z
- **Author:** Edgeprop Singapore
- **Original:** https://www.edgeprop.sg/property-news/55-mil-good-class-bungalow-part-police-asset-freeze-seizure
- **Topics:** Private Residential, Transactions & Deals, Investment & Capital Markets

## Featured rationale

The prohibition prevents the bungalow’s sale or transfer, potentially withholding a substantial property from the tightly supplied Good Class Bungalow transaction market.

## AI summary

Police froze a Good Class Bungalow valued at about $55 million and seized approximately $1 million from bank accounts under investigation.

## Original article

The Singapore police has issued a prohibition of disposal order against a Good Class Bungalow (GCB) valued at about $55 million, as well as seized about $1 million of funds in bank accounts under investigation.

The order effectively freezes the property from being sold or transferred.

This is in relation to an investigation into the movement of computer servers that might have contained Nvidia chips in contravention of US export controls.

The GCB in the freeze is said to be located at 12 Chee Hoon Avenue and is owned by Alan Wei, according to reports by CNA and The Straits Times.

Read also: Jervois Hill GCB for sale at $80 mil

Wei, who will be handed additional charges including one relating to the property, is chief executive of the Aperia group, which also faces fraud offences.

The GCB along Chee Hoon Avenue had been previously put up for sale in 2024. It has a land area of 15,486 sq ft with a 38m frontage and 38m depth.

Three persons — Wei, Aaron Woon, and Li Ming — had been charged with fraud by false representation in relation to purchases of servers in February 2025. A fourth person, Jenny Lim, was later charged in April 2026 in relation to this investigation.

On July 1, the police issued a news release on the seizure and prohibition of assets, as well as to state that Lim and Woon were handed additional charges for fraud and money laundering. Li was also handed additional charges including for fraud and fraudulent trading.

On July 6, Wei will face three additional charges for fraud and money laundering. These include one charge for converting property of about $55 million, which represents, in part, benefits from criminal conduct amounting to approximately $38 million for the purchase of a GCB.

At the time of the case, Wei, Lim and Woon were key officers of three companies under the Aperia group. Li was also the controller of another company, Luxuriate Your Life. These four companies similarly face related fraud offences.

Read also: Good Class Bungalow in Ewart Park for sale at $68 mil

## Chinese translation

> Translation model: grok

### 约5,500万新元优质洋房列入警方资产冻结

Alan Wei将面临额外欺诈与洗钱指控；其中一项涉及以犯罪所得利益购入优质洋房。

新加坡警方已对一栋估值约5,500万新元的优质洋房（GCB）发出禁止处置令，并扣押涉案银行账户内约100万新元资金。

该禁令实际上冻结该物业，使其无法出售或转让。

此事与一项调查有关，涉及可能违反美国出口管制、含英伟达芯片的电脑服务器流转。

据CNA与《海峡时报》报道，被冻结的GCB据称位于芝运路（Chee Hoon Avenue）12号，业主为Alan Wei。

另读：Jervois Hill优质洋房以8,000万新元挂售

Wei将面临包括与该物业相关的额外指控，他是Aperia集团首席执行官，该集团亦面临欺诈相关罪名。

芝运路这栋GCB曾于2024年挂牌出售。地面积15,486平方英尺，面宽与进深均为38米。

三人——Wei、Aaron Woon与Li Ming——曾于2025年2月因与服务器采购相关的虚假陈述欺诈被控。第四人Jenny Lim随后于2026年4月在同一调查中被控。

7月1日，警方发布新闻稿说明资产扣押与禁止处置情况，并称Lim与Woon被追加欺诈与洗钱指控；Li亦被追加包括欺诈与欺诈性交易等额外指控。

7月6日，Wei将面临三项额外欺诈与洗钱指控，其中包括一项将约5,500万新元财产转换的指控，该款项部分代表约3,800万新元犯罪所得利益，用于购置一栋GCB。

案发时，Wei、Lim与Woon为Aperia集团旗下三家公司的关键管理人员；Li亦为另一家公司Luxuriate Your Life的控制人。这四家公司同样面临相关欺诈罪名。

另读：Ewart Park优质洋房以6,800万新元挂售