# S$3b money laundering case: Forfeited luxury goods, properties to go on auction from September

- **Source:** Channel NewsAsia
- **Published:** 2026-08-29T04:00:00.000Z
- **Author:** Fabian Koh
- **Original:** https://www.channelnewsasia.com/singapore/money-laundering-auction-properties-handbags-jewellery-6344921
- **Topics:** Transactions & Deals, Regional Markets

## Featured rationale

The phased disposal may expand transaction opportunities across relevant property segments while limiting the immediate supply impact and allowing buyer demand to absorb listings gradually.

## AI summary

More than 80 forfeited properties from Singapore’s S$3 billion money laundering case will be sold in phases from September 2026 to mid-2027.

## Original article

SINGAPORE: More than 1,000 luxury items and 80 real estate properties forfeited in Singapore's S$3 billion (US$2.4 billion) money laundering case will go under the hammer from Sep 7, said audit firm Deloitte on Saturday (Aug 29). The properties will be auctioned by SRI, Edmund Tie & Company and Knight Frank, while auction house Hotlotz will handle the luxury goods, comprising jewellery, watches and handbags. Some selected properties will also be offered for sale through an expression of interest process run by List International Realty, outside the auction process. The assets will be sold in phases between September 2026 and mid-2027. Deloitte said the composition and number of items in each phase are still being finalised and may change as authentication and preparatory work continues. Deloitte was appointed by the Singapore Police Force in July 2025 to manage and realise the non-cash assets forfeited in the case. The case emerged after islandwide raids in August 2023 uncovered millions of dollars earned from an illicit gambling ring based in Southeast Asia. The 10 offenders, all originally from China although some held other citizenships, have since been convicted and deported after serving their sentences.

ONLINE AUCTIONS FOR LUXURY GOODS Hotlotz said it will hold 15 online auctions of the luxury items from September this year to May 2027. The firm does not accept commission or telephone bids, and does not hold traditional in-room auctions. Catalogues for the first two auctions will be released at 10am on Sep 7, when online bidding also opens. The first auction, closing Sep 20 at 4pm, will have handbags and accessories from brands including Chanel, Louis Vuitton and Christian Dior. The second, closing at the same time on Sep 27, features jewellery pieces from makers such as Graff, Bulgari and Van Cleef & Arpels. The two auctions will include over 300 handbags and accessories and over 250 jewellery pieces, with a pre-sale estimate of between S$2.9 million and S$3.9 million. Catalogues for subsequent auctions will be released closer to each sale, and will include Hermès handbags and watches from Patek Philippe, Richard Mille and Rolex, Hotlotz said.

The auctions are open to participants globally, though bidders must register and pass compulsory identity verification checks before taking part. Approved bidders can book a viewing slot at Le Freeport, a high-security storage facility in Changi where the items are kept. Viewing is strictly by appointment, and walk-ins are not allowed. Hotlotz said appointment slots are limited and assigned to registered participants on a first-come, first-served basis. Hotlotz founder and chief executive Matt Elton said the case's global profile would draw added attention to the auctions, but that he was keeping sensationalism at bay. His aim is to “sell everything in the fairest, most transparent way and offer it to the widest market”. “At the end of the day, I try to avoid the sensationalism. My job is to sell these items. My job is to understand what they are, to put them into the market at the correct price, and to be very objective about how we talk about them,” he said. “I'm trying not to be knocked off my perch by the kind of stories around it.” Mr Elton said transparency was key, including making sure bidders know where the items came from. Starting prices are benchmarked against other auctions rather than original retail or secondary-market prices, he added.

## Chinese translation

> Translation model: grok_cli

### 新币30亿元洗钱案：被没收的奢侈品与房产将从9月起拍卖

这些房产将由房地产公司SRI、戴玉祥产业（Edmund Tie）和莱坊（Knight Frank）拍卖，奢侈品则由拍卖行Hotlotz负责。

新加坡：审计机构德勤（Deloitte）周六（8月29日）表示，新加坡新币30亿元（美元24亿元）洗钱案中被没收的逾1000件奢侈品和80处房地产，将从9月7日起拍卖。这些房产将由SRI、戴玉祥产业（Edmund Tie & Company）和莱坊（Knight Frank）拍卖，拍卖行Hotlotz则负责珠宝、腕表和手袋等奢侈品。部分精选房产还将通过由List International Realty负责的意向表达程序出售，不纳入拍卖流程。这些资产将在2026年9月至2027年年中分阶段出售。德勤表示，各阶段的物品构成和数量仍在敲定中，随着鉴定和筹备工作的推进，可能会有所调整。新加坡警察部队于2025年7月委任德勤管理和变现本案中被没收的非现金资产。该案源于2023年8月的全岛突击搜查，当时发现一个立足东南亚的非法赌博集团赚取了数百万新元。10名罪犯均原籍中国，尽管部分人持有其他国籍，目前均已定罪并在服刑后被驱逐出境。

奢侈品网上拍卖 Hotlotz表示，将于今年9月至2027年5月举行15场奢侈品网上拍卖。该公司不接受委托出价或电话出价，也不举行传统的现场拍卖。前两场拍卖的图录将于9月7日上午10时发布，网上竞投同步开始。第一场拍卖将于9月20日下午4时截止，拍品包括香奈儿（Chanel）、路易威登（Louis Vuitton）和迪奥（Christian Dior）等品牌的手袋和配饰。第二场将于9月27日同一时间截止，拍品为格拉夫（Graff）、宝格丽（Bulgari）和梵克雅宝（Van Cleef & Arpels）等品牌的珠宝。这两场拍卖将包括逾300件手袋和配饰以及逾250件珠宝，预估价介于新币290万元至390万元之间。Hotlotz表示，后续拍卖的图录将在各场拍卖临近时发布，拍品将包括爱马仕（Hermès）手袋以及百达翡丽（Patek Philippe）、理查德·米勒（Richard Mille）和劳力士（Rolex）腕表。

拍卖向全球参与者开放，但竞拍人必须先登记并通过强制性身份核验，方可参与。获批竞拍人可预约在樟宜的高安保仓储设施Le Freeport看货，拍品存放于此。看货严格预约，不接受未经预约的到访。Hotlotz表示，预约名额有限，按先到先得原则分配给已登记的参与者。Hotlotz创始人兼首席执行官Matt Elton表示，该案的全球关注度会为拍卖带来额外关注，但他会避免炒作。他的目标是“以最公平、最透明的方式出售所有拍品，并将其推向最广泛的市场”。他说：“归根结底，我尽量避免炒作。我的工作是卖掉这些物品。我的工作是弄清它们是什么，以正确的价格推向市场，并以非常客观的方式谈论它们。”“我尽量不因围绕此事的那些报道而乱了阵脚。”Elton先生表示，透明度至关重要，包括确保竞拍人知晓这些物品的来源。他补充说，起拍价参照其他拍卖，而非原零售价或二手市场价格。