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Luxury Condos Seized In Singapore’s Massive Money-Laundering Case Go Unsold
Luxury Condos Seized In Singapore’s Massive Money-Laundering Case Go Unsold
Singapore has no shortage of people curious about the spoils from its massive money-laundering crackdown. Getting them to actually buy the confiscated real estate has been another matter.
The government is gradually disposing of assets tied to the S$3 billion laundering scandal that erupted in 2023, according to Bloomberg. More than 80 homes are being sold alongside watches, jewelry, handbags and other expensive possessions seized from the operation.
The luxury goods have been hot. The luxury real estate decidedly has not.
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