Units in 3 luxury condo developments linked to money-laundering associates up for sale

SEVERAL prime properties linked to the S$3 billion money laundering case have been put up for sale, including four properties at Gramercy Park and units at The Marq on Paterson Hill and South Beach Residences. 

The units at Grange Road condominium Gramercy Park, which range from the 13th floor to the 22nd floor, are being marketed with a guide price of between S$6.8 million and S$9.05 million, Chinese language daily Lianhe Zaobao reported on Thursday (Jun 13). 

Checks by The Business Times showed that the 13th floor unit was owned by Su Baolin, who was sentenced to 14 months’ jail for forgery, money laundering and fraud, while another one of the Gramercy units was held in the name of his wife, Ma Ning.