Singapore s Biggest Money Laundering Case Tests City s Weak Property Market bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
A mass sale of prized real estate seized in Singapore’s biggest money-laundering case is set to provide a key test of demand for a niche part of the financial hub’s property market. More than a dozen so-called shophouses, each worth millions of dollars, have been put on sale as the…
SINGAPORE - Ten shophouses owned by two Chinese nationals who were reportedly linked to an accused person in the $3 billion money laundering case have been put on the market by DBS Bank as it seeks to recover repayments of its loans. The properties - estimated by observers to be valued at more than $100 million combined - were separately.