Published
Six apartments forfeited in Singapore's S$3 billion money-laundering case head to auction on 28 October 2026 at 2:30pm through SRI Auction. A few assumptions about the sale are worth checking against the record, including for readers also following The Vanda Green's pre-launch story in Bukit Timah.
The Vanda Green Myth: The Six Units Are All in One Building
Fact: they span two separate freehold developments. Five sit at Nouvel 18 on Ardmore Park, District 10, a 156-unit project completed in 2014 and guided from $2,939 to $3,558 psf across 1,335 to 6,125 sq ft. The sixth is a four-bedroom, 2,691 sq ft unit at New Futura on Leonie Hill Road, District 9, 124 units, completed 2017, guided at $9.8 million ($3,642 psf). Both sit well south of The Vanda Green's Dunearn Road address in the Swiss Club subzone of District 10's Core Central Region.
The Vanda Green Myth: This Auction Stands Alone
Fact: it is part of a longer rollout. Deloitte Singapore, appointed by the Singapore police in 2025 to manage the case's seized non-cash assets, said in late August 2026 that over 1,000 luxury items and 80 properties would be auctioned in phases from September 2026 to mid-2027.
The Vanda Green Myth: Forfeited Units Always Clear at Auction
Fact: results have been mixed. In September 2026, four of ten auctioned units at Martin Modern and Wallich Residences sold, for prices between $2.08 million and $6.6 million, leaving the remaining six unsold in that round.
The Vanda Green Myth: The Auction Says Something About New-Launch Pricing Nearby
Fact: a forced sale of existing freehold stock and a Government Land Sales launch follow different pricing paths entirely. The Vanda Green is a 99-year leasehold condominium with ground-floor commercial space, including provision for an early childhood development centre, on a site awarded on 4 May 2026 for $533,000,000 ($1,625 psf ppr). The joint venture between Wing Tai Holdings and Metro Holdings is developing an indicative 330 homes near Sixth Avenue MRT, with the project still at pre-launch stage.
The Vanda Green Myth: These Six Units Already Had a Public Sale
Fact: SRI Auction's 28 October 2026 sale is the first public listing for these six forfeited units. The earlier Martin Modern and Wallich Residences round, where four of ten units sold between $2.08 million and $6.6 million, is a separate batch within the same wider schedule. Deloitte's broader programme covers more than 1,000 luxury items and 80 properties staggered through mid-2027, and each batch — including the Nouvel 18 and New Futura lots due on 28 October 2026 — is its own distinct listing with its own guide prices and bidding outcome.
Following The Vanda Green's Own Timeline
Readers tracking The Vanda Green rather than the auction can reach the Sales Concierge through the contact page for the latest pre-launch updates, review the Swiss Club subzone setting and the nearby connectivity on the location page, or start from the The Vanda Green homepage for the full project overview.
Source: EdgeProp.
General information only, not financial or legal advice.
Source: EdgeProp. This article is independent commentary; The Vanda Green is not affiliated with the parties mentioned.