A parcel of land on Sentosa, seized amid the $3 billion money laundering probe, will be sold by OCBC Bank as it attempts to recover over $20 million in loans taken by Cambodian national Su Baolin.
A rear view of the parcel of land at 69 Ocean Drive in Sentosa Cove, covered by a sound barrier, on April 15.
In a sale listing in March, the real estate company posted an asking price of $27.1 million for the rectangular plot at 69 Ocean Drive in Sentosa Cove. It was previously reported that police seized about $99 million worth of assets in properties, cash, bank accounts and cryptocurrencies in the names of Su and his wife.
Su, who is originally from China, had paid slightly over $39.33 million or $2,012 per square foot for a 19,550 sq ft bungalow sitting on the land in March 2021.
OCBC Bank Sentosa Money Laundering Auction Property Sale
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