Hardly any buyers for Singapore luxury condos seized in money-laundering case

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• HKSouth China Morning Post Privado

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  libre mercado

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  1. 2 oct 2026, 5:32 · hace 4 días ·inglés

     Hardly any buyers for Singapore luxury condos seized in money-laundering case

     The first apartment came up for auction and nobody moved. More than 60 people crowded into a room in Singapore to watch seven properties seized in one of the world’s biggest money-laundering cases go under the hammer. Their opening prices totalled more than S$43 million (US$33.6 million). But when bidding began for a luxury unit at Gramercy Park, an upscale condominium near the city state’s Orchard Road shopping district, not a single hand went up. Next came a 2,658 sq ft (247 square metres)...

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     • singapore luxury condos
     • seized in money-laundering
     • auction
     • world’s biggest
     • luxury condos seized
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     • aprobación 98%
     • desaprobación 58%
     Leer en South China Morning Post ↗
• USBloomberg Privado

  Sesgo declarado: pendiente

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  1. ▶ video4 oct 2026, 12:45 · ayer ·inglés

     Inside the Auctions for Singapore's Seized Luxury Goods

     Three years after a S$3 billion money laundering scandal hit Singapore, some seized luxury items like designer bags have been snapped up at auction. But upscale condos are struggling to find buyers. Srinidhi Ragavendran explains why.

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     • singapore's seized luxury
     • auctions
     • laundering scandal hit
     • designer bags
     • condos are struggling
     Ver en YouTube ↗