Nationals from ‘higher-risk’ countries bought at least 230 Singapore properties over past 7 years

SINCE 2016, there have been at least 232 residential property deals done by holders of passports from the same countries as those arrested in the billion-dollar money-laundering bust this month.

The tally, based on an analysis of official data, is substantially higher than the 105 properties – estimated to be worth S$831 million – seized by Singapore police during the anti-money laundering raid on Aug 15.

The Business Times (BT) analysed property transaction data from the Urban Redevelopment Authority (URA) based on purchasers’ nationalities. The data stretched from 1995, when records were first available, to August 2023.