Six apartments forfeited in Singapore's S$3 billion money-laundering case are due for auction on 28 October 2026 at 2:30pm, handled by SRI Auction. As the story circulates, a few assumptions about what it means are worth checking against the facts, including for anyone also following the pre-launch story at Linktown Residences in Hougang.
Fact: the lots are specific and limited. Five units sit at Nouvel 18 on Ardmore Park, a freehold, 156-unit District 10 development completed in 2014, guided from $2,939 to $3,558 psf across sizes of 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, freehold, 124 units, completed 2017, guided at $9.8 million, or $3,642 psf. Neither address is anywhere near Linktown Residences' Hougang Avenue 10 site.
Fact: it is one tranche of a longer schedule. Deloitte Singapore, appointed in 2025 by the Singapore police to manage the case's seized non-cash assets, said in late August 2026 that more than 1,000 luxury items and 80 properties would be auctioned in phases running from September 2026 to mid-2027. Readers tracking Linktown Residences' own pre-launch timeline, which began with the site award on 14 January 2026, will likely see further rounds of this auction schedule reported well into next year.
Fact: the record is mixed. Ten forfeited units went under the hammer at Martin Modern and Wallich Residences in September 2026, and only four found buyers, at prices from $2.08 million up to $6.6 million. That leaves six unsold in that round — a reminder that a guide price invites bids rather than guaranteeing a sale, and that outcomes vary lot by lot even within the same auction.
Fact: the two situations are not comparable. A forfeiture auction prices forced sales of existing freehold units in the Core Central Region, shaped by case-specific circumstances. A project such as Linktown Residences, an integrated development combining roughly 830 homes with a new CICT mall, bus interchange and town plaza at Hougang Central, follows an entirely different path to market — pre-launch registration, a developer-set payment scheme, and eventual balance-unit pricing once sales open. UOL Group Limited and CapitaLand Development hold the residential joint venture, with CICT owning the commercial component, and the Hougang Central site sits a reported 140 m from Hougang MRT.
Fact: the auction route doesn't guarantee a discount. A guide price is set with reference to market comparables, and bidders can still push a lot above or below that figure depending on interest on the day. The $9.8 million guide on the New Futura unit and the $2,939 to $3,558 psf range at Nouvel 18 reflect each unit's own size, floor and layout rather than a blanket markdown applied because the sale is forced. Treating any forfeiture auction as an automatic bargain misreads how SRI Auction and similar auction houses actually price these lots.
Readers who want current, verified details on Linktown Residences rather than secondhand assumptions circulating alongside the auction news can reach out through the contact page to register interest, review the Hougang Central setting and connectivity on the location page, or start from the Linktown Residences homepage for the full project overview and future updates.
Source: EdgeProp.
General information only, not financial or legal advice.
Source: EdgeProp. This article is independent commentary; Linktown Residences Hougang Central (Updated 2026) is not affiliated with the parties mentioned.