# Four condo units seized in money laundering case sold at auction for $2.08 mil to $6.6 mil - **Source:** EdgeProp Singapore - **Published:** 2026-09-23T13:12:09.000Z - **Author:** EdgeProp Singapore - **Original:** https://www.edgeprop.sg/property-news/four-condo-units-seized-money-laundering-case-sold-auction-208-mil-66-mil - **Topics:** Private Residential, Transactions & Deals ## Featured rationale The many unsold luxury homes and absent or below-reserve bids signal selective high-end demand, potentially pressuring sellers to moderate price expectations in subsequent auctions. ## AI summary Four forfeited condo units at Martin Modern and Wallich Residence sold at auction on Sept 23 for between $2.08 million and $6.6 million each. ## Original article Two units at the Martin Modern condo in River Valley and another two at Wallich Residence within Guoco Tower in Tanjong Pagar were sold at SRI’s public auction on Sept 23, fetching $2.08 million to $6.6 million each. There were no takers for most of the other luxury properties that went under the hammer. ETC also conducted an auction on the same day with nine properties, though none were sold and the residential units received no bids. All of these properties are linked to Singapore’s $3 billion money laundering case. More than 1,000 luxury items as well as 80 real estate assets that were forfeited in the case would be auctioned in phases between September 2026 and mid-2027. Read also: 10 apartments at Martin Modern, Wallich Residence up for auction at $2.238 mil to $6.78 mil SRI: Four units sold At SRI’s auction, a two-bedroom apartment at Martin Modern was sold for $2.12 million. It opened at $2.238 million, followed by the first bid at $2.05 million and another three bids. Measuring about 764 sq ft, the unit sits on the 26th storey. Another two-bedder of the same size and on the 17th storey fetched $2.08 million, after it had opened at $2.238 million. On the 29th storey, a two-bedder drew three bids with the highest offer being $2.11 million, but it was withdrawn as it did not meet the reserve price. The other three unsold units at Martin Modern were two-bedder, three-bedder and four-bedder apartments, with opening prices of $2.238 million, $3.3 million and $4.98 million, respectively. Meanwhile, at Wallich Residence, two of the four units available were sold. One is a four-bedroom apartment measuring 1,991 sq ft on the 61st storey with sea and city views. After opening at $6.78 million, it found a buyer at $6.6 million. Another four-bedder, with a smaller floor area of 1,658 sq ft and on the 53rd floor, went for $5.48 million. It had opened at $5.55 million. Read also: River Valley’s refresh: The Martin Modern benchmark and return of local buyers to District 9 The two unsold units at Wallich Residence are a three-bedder on the 51st level, which started at $4.42 million, and a four-bedder on the 54th storey, with a $5.9 million opening price. In total, 10 apartments at Martin Modern and Wallich Residence were up for auction. ETC: No bids for residential properties Nine properties — one factory and eight luxury homes — linked to the money laundering case were up for grabs at ETC’s auction on Sept 23, though none changed hands. The 8,800 sq ft, four-storey strata terrace factory within Shun Li Industrial Park in Kaki Bukit saw the sole bid at the auction, at $3.1 million. That is $530,000 below the opening price of $3.63 million. There was no interest in all eight luxury condo units: five at South Beach Residences on Beach Road, two at 8 Saint Thomas in River Valley, and one at Paterson Suites in the Orchard area. The South Beach Residences apartments included a 6,727 sq ft triplex penthouse with a guide price of $25.3 million, as well as four units that started at between $4.3 million and $6.6 million. At 8 Saint Thomas, opening prices were $4.4 million for a three-bedder and $5.7 million for a four-bedder with private lift access. Read also: Is it a Good Deal?: A one-bedder loft in District 9 sold at a loss of $403,000 As for Paterson Suites, the three-bedroom unit up for auction was priced at $5.18 million but likewise received no bids. The SRI and ETC auctions came after Knight Frank’s auction on Sept 17, when the first properties forfeited in the money laundering case were offered for sale. The seven properties — four apartments at Gramercy Park, two apartments at Sloane Residences, and an office unit at Suntec Tower One — at Knight Frank’s auction failed to sell as the bids fell below the reserve prices. Check out the latest listings for Martin Modern, Wallich Residence, South Beach Residences, 8 Saint Thomas, Paterson Suites properties ## Chinese translation > Translation model: grok_cli ### 洗钱案中被查封的四套公寓在拍卖会上以新币208万至660万元成交 Martin Modern的两套公寓和Wallich Residence的两套公寓找到买家。但其余多数房产无人问津或出价过低。 位于里峇峇利的Martin Modern公寓有两个单位，丹戎巴葛国浩大厦内的Wallich Residence另有两个单位，在9月23日SRI的公开拍卖中成交，各以新币208万至660万元售出。 其余多数送拍的豪华房产无人接手。 ETC同日也举行拍卖，共有九项房产上拍，但无一成交，住宅单位更无人出价。 所有这些房产均与新加坡新币30亿元洗钱案有关。该案中被没收的逾1000件奢侈品以及80项房地产资产，将于2026年9月至2027年年中分阶段拍卖。 另见：Martin Modern、Wallich Residence的10套公寓将以新币223.8万至678万元起拍 SRI：四个单位成交 在SRI拍卖会上，一套位于Martin Modern的两房公寓以新币212万元成交。该单位起拍价为新币223.8万元，随后出现新币205万元的首次出价，以及另外三次出价。该单位面积约764平方英尺，位于26楼。 另一套同样面积、位于17楼的两房单位以新币208万元成交，起拍价亦为新币223.8万元。 位于29楼的一套两房单位共获三次出价，最高报价为新币211万元，但因未达底价而被撤回。 Martin Modern另外三套未售出的单位分别为两房、三房和四房公寓，起拍价分别为新币223.8万元、330万元和498万元。 与此同时，Wallich Residence可供竞拍的四个单位中有两个成交。 其中一套为四房公寓，面积1991平方英尺，位于61楼，享海景和城市景观。起拍价为新币678万元，最终以新币660万元找到买家。 另一套四房单位面积较小，为1658平方英尺，位于53楼，以新币548万元成交。该单位起拍价为新币555万元。 另见：里峇峇利焕新：Martin Modern标杆以及本地买家重返第9区 Wallich Residence两套未售出的单位分别是位于51楼的三房单位，起拍价新币442万元；以及位于54楼的四房单位，起拍价新币590万元。 此次送拍的Martin Modern和Wallich Residence公寓共计10套。 ETC：住宅物业无人出价 与洗钱案相关的九项房产——一栋工厂和八套豪华住宅——于9月23日在ETC拍卖会上推出，但无一易手。 位于加基武吉Shun Li Industrial Park内、面积8800平方英尺的四层分层排屋式工厂，是全场唯一获出价的标的，出价为新币310万元。这较新币363万元的起拍价低了新币53万元。 八套豪华公寓单位均无人问津：五套位于美芝路的South Beach Residences，两套位于里峇峇利的8 Saint Thomas，以及一套位于乌节一带的Paterson Suites。 South Beach Residences的公寓包括一套面积6727平方英尺、指导价为新币2530万元的三层复式顶层公寓，以及四套起拍价介于新币430万至660万元的单位。 在8 Saint Thomas，一套三房单位起拍价为新币440万元，另一套配备私人电梯的四房单位起拍价为新币570万元。 另见：划算吗？：第9区一套一房阁楼以亏损新币40.3万元售出 至于Paterson Suites，送拍的三房单位定价为新币518万元，同样无人出价。 SRI和ETC的拍卖，是在Knight Frank于9月17日举行的拍卖之后进行的。当时，洗钱案中首批被没收的房产被推出出售。 Knight Frank拍卖的七项房产——Gramercy Park的四套公寓、Sloane Residences的两套公寓，以及新达城第一大厦的一个办公单位——均因出价低于底价而未能售出。 查看Martin Modern、Wallich Residence、South Beach Residences、8 Saint Thomas、Paterson Suites物业的最新挂牌