80 luxury properties, designer bags and jewellery seized in $3b money laundering case to be auctioned

A total of 80 luxury properties which were seized in Singapore's largest money laundering case to date will be progressively put up for sale, alongside designer handbags, watches and jewellery forfeited to the state.

This was confirmed in a statement by Deloitte to AsiaOne on Saturday (Aug 29).

The firm was appointed by the Singapore Police Force in July 2025 to manage and realise the forfeited non-cash assets.

It stated that luxury items such as branded handbags, watches and jewellery seized by authorities in Singapore in the landmark case, will be sold through a series of timed, online-only auctions from September this year till mid-2027.

The authorities had seized over 200 properties across prime locations such as Orchard Road and Sentosa in connection to the $3 billion money laundering case, according to Bloomberg.

Hotlotz, the local auction house appointed to handle the sales, said it plans to hold 15 auctions featuring more than 1,000 items.

A Hotlotz spokesperson told AsiaOne that two auctions — one for fine jewellery and another for handbags — will be held on Sept 7 as part of the first phase of the sales process.

The auction house also said that digital catalogues for items listed in these two auctions will be published on its website at 10am on Sept 7.

Those who wish to view the items physically will need to register for the sale and book a viewing slot on Hotlotz's digital platform. 

Most of the viewings are expected to take place by appointment at Le Freeport, a private, maximum-security vault in Changi.

Among the items set to go under the hammer are luxury handbags and accessories from brands such as Chanel, Louis Vuitton and Dior, as well as fine jewellery from labels including Graff, Bulgari and Van Cleef & Arpels.

The properties will be marketed separately by appointed real estate agencies.

The assets were seized as part of investigations into Singapore's $3 billion money laundering case, which came to light following islandwide raids in August 2023.

The case involved criminals of various nationalities, including Cypriot national Su Haijin who attempted to evade arrest during an islandwide raid by authorities in 2023.

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bhavya.rawat@asiaone.com