Some 22 luxury condos linked to S$3 billion money laundering case resold for S$116 million since August 2024
About S$420 million, comprising cash and liquidated proceeds, has been paid into the Consolidated Fund as at end-March
[SINGAPORE] Since Singapore’s largest money laundering case concluded more than a year ago, several luxury condominium units previously owned by persons linked to it have been resold.
Seventeen units at CanningHill Piers in Clarke Quay owned by Wang Ruiyan and Wu Shuiying have been sold since August 2024 for a total of S$81.8 million, Urban Redevelopment Authority (URA) caveat data showed. Wang is the wife of convicted money launderer Vang Shuiming, while Wu is an associate linked to the case, which involved assets worth more than S$3 billion.
Also since last August, five completed units linked to persons in the case have been resold for S$34.2 million in total, bringing the total value of units resold to at least S$116 million.
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