10 Condos From Singapore’s $3B Money Laundering Case Are Going Up For Sale — Here’s How Much They Cost

There are regular property auctions, and then there are auctions which draw attention because of the significance of what’s going under the hammer. The latest focus in the property auction market in Singapore isn’t a conserved building or homes of political figures.

Instead, an upcoming auction involves some of the seized assets from the $3 billion money laundering case, which is the largest case of its kind in Singapore. Now, a number of the seized real estate assets will be sold in a public auction. Here’s what we know about the properties involved, and how they’re going to be auctioned off.

Which Properties From The Seized Assets Are Being Put Up For Auction?

There are six condominium units at Martin Modern, a 99-year leasehold condo on Martin Road in District 9, as well as four units at Wallich Residence, a luxury condo in Tanjong Pagar in District 2.

SRI has been appointed as the exclusive marketing agency to conduct the auction, which will take place on Wednesday, 23 September, at 2.30pm at SRI’s Great World City office.

The units at Martin Modern range from two- to four-bedroom units of 764 sq ft to 1,733 sq ft, while the units at Wallich Residence are three- and four-bedroom units of 1,313 sq ft to 1,991 sq ft.

The agency says that individual guide prices for the units start from from $2.238 million (for the least expensive Martin Modern unit) to $6.78 million (for the most expensive unit at Wallich Residence).

But this is just a handful of the properties sized in connection with Singapore’s $3 billion money laundering case. Deloitte Singapore was appointed by the Singapore Police Force to manage and liquidate these non-cash assets, and in total, there are more than 80 properties and over 1,000 luxury items.

The remaining seized assets will be progressively offered for sale by other auction teams from September 2026 until the middle of 2027. So the properties that are being offered now is just the start.

Apart from the scandalous nature of how these private residential properties came to be auctioned off, there are no legal implications for any prospective buyers who may be eyeing the chance to grab one or more of these units. The unusual backstory of these properties aside, the real question that those participating in the upcoming auction should consider is much more ordinary.

Is There a Deal To Be Had and Where is The Auction?

So far, SRI has only provided some preliminary information regarding the units going under the hammer. Namely, the overall range of sizes and guide prices. We’ve yet to see a complete unit-by-unit breakdown showing the exact floor, stack, or specific sizes.

But here’s what we know so far:

Martin Modern

Martin Modern is the more straightforward of the two projects for us to access. Developed by GuocoLand, the 450-unit development was completed in 2021 and comprises two 30-storey towers. A 99-year leasehold project, its land tenure started in 2016.

The development is within walking distance of Great World MRT station on the Thomson-East Coast Line (TEL), and River Valley Primary School is within one kilometre of the project.

GuocoLand recently made a return to the area with the launch of River Modern on River Valley Green. This 455-unit project has turned out to be one of the best-selling new projects in 2026. When River Modern launched for sale in March this year, it sold 90% of its total units, and set an average selling price of $3,266 psf.

The lowest guide price across the portfolio of units at Martin Modern is $2.238 million. If this corresponds to the smallest 764 sq ft two-bedder, it works out to approximately $2,929 psf. Recent resale transactions at the condo include the sale of a 764 sq ft unit on the 13th floor that was sold for $2.1 million ($2,748 psf) on August 11, based on URA caveats.

Before that, another 850 sq ft unit on the 12th floor changed hands for $2.3 million ($2,822 psf) on August 6, while a similar-sized unit on the 19th floor fetched $2.44 million ($2,879 psf) when it was sold on August 5.

A brief overview of listings on various portals for units for sale at Martin Modern suggests that most 764 sq ft units on the market typically ask for between $2.189 million and $2.4 million. So the guide price for the auction units appears to be within expectations.

Likewise, the four-bedroom units seem to be priced at prevailing market values. For these units, the highest guide price across the Martin Modern portfolio is $4.98 million. If this corresponds to the largest 1,733 sq ft unit, it works out to approximately $2,874 psf.

URA caveats indicate that a 1,733 sq ft unit on the ninth floor was sold for $4.9 million ($2,827 psf) on May 22, while a similar sized unit also changed hands for $4.97 million ($2,868 psf) after it was sold on March 6.

Thus, we also see that the guide prices for the four-bedroom auction units at Martin Modern are broadly in line with prevailing resale price expectations.

Wallich Residence: more distinctive, but harder to price

The 181-unit Wallich Residence is the residential component of the integrated project Guoco Tower in Tanjong Pagar. This is also the residential project whose penthouse was once famously owned by James Dyson. The entire development also includes Sofitel Singapore City Centre, Grade A offices, and a retail mall. It is directly connected to Tanjong Pagar MRT station on the East-West Line (EWL).

The four auction units are three- and four-bedders that range from 1,313 to 1,991 sq ft. According to SRI, all of the units going under the hammer have unblocked sea views. 

The cheapest guide price given for a Wallich Residence unit was $4.42 million. We are assuming this is the smaller 1,313 sq ft three-bedder format, if so it would work out to about $3,366 psf.

So far this year, there have only been two resale units of more than 1,000 sq ft that have been resold. The latest is a 1,194 sq ft unit on the 53rd floor that transacted for $3.25 million ($2,720 psf) on March 9. Meanwhile, a 1,097 sq ft unit on the 51st floor changed hands for $3.52 million ($3,213 psf) when it was sold on January 12.

For the larger four-bedders, at 1,722 sq ft, there was a unit that sold for $5.7 million ($3,310 psf) back in December 2025. The highest guide price in the auction portfolio is $6.78 million. If we assume this applies to the largest 1,991 sq ft unit, it works out to approximately $3,405 psf.

This is a larger figure compared to the December 2025 transaction in terms of $psf prices. But Wallich Residence is very clearly in the luxury category, where price comparisons are not as straightforward; trophy home buyers included.

So What’s Our Take On These Auction Properties

Given what we know about the units for sale, we think that the units at Martin Modern appear to have a fair guide price. We do think this project will get most of the attention, as the Great World area has strong owner-occupancy appeal.

Most notably, River Modern – in the same general location – sold over 90% of its units at its launch weekend. This was at an average of $3,266 psf.

On the other hand, the units offered at Wallich Residence are more challenging to decipher because the units are larger and the high quantum will price out most buyers. Crucially, the CBD is not a family or even residential oriented district, so the profile of willing buyers will be more niche.

One thing is clear though: this isn’t a fire sale of any sort, and anyone looking for an outright discount is likely to be disappointed.