Three Sentosa Cove bungalows with private yacht berths, linked to convicted money launderers Zhang Ruijin, Lin Baoying and Su Haijin, have been put on the market in October 2026. The waterfront homes form part of about S$3 billion in cash and assets seized in Singapore's biggest money-laundering probe.
Sentosa Cove is Singapore's most conspicuous address: a gated waterfront enclave of mansions, marinas and yacht berths on reclaimed land, and the only place in the city-state where foreigners can buy landed property relatively freely. That made it a natural destination for the Fujian-linked network whose members arrived with large fortunes, opaque sources of wealth and a taste for trophy homes.
The properties now listed illustrate the pattern. An amalgamated 99-year leasehold plot at 143 and 145 Cove Drive, where two bungalows once stood, is registered to Su Haijin, who was convicted in 2024, jailed for 14 months and deported. Two bungalows at 38 and 40 Ocean Drive are owned by Lin Baoying, and a bungalow at 13 Pearl Island is owned by her partner Zhang Ruijin. Zhang and Lin were also convicted in the case, and Singapore Land Authority records show the owners remain on title while their right to deal with the properties has been removed by law.
The sale is being handled as an expression-of-interest exercise by luxury brokerage List Sotheby's International Realty, according to reporting by The Straits Times. Selling seized trophy property is slower and more complicated than an ordinary listing: title is entangled with forfeiture orders, the seller is effectively the state, and buyers must be comfortable that their purchase will not be unwound. Previous seized properties from the case, including condominium units at Martin Modern and Wallich Residence, were sold through auctions in Singapore.
The broader asset pool gives a sense of scale. Police seized or froze about S$3 billion across the investigation, spanning bank balances, dozens of properties, vehicles, luxury watches, cash, cryptocurrency and collectibles such as Bearbrick figurines. Ten defendants were convicted and deported, and fifteen further suspects agreed to surrender about S$1.4 billion to have their cases closed.
For Sentosa Cove itself, the listings are unwelcome advertising. Residents and agents have spent years presenting the enclave as a discreet haven for legitimate global wealth; a marketing campaign built around houses confiscated from launderers cuts the other way. Yet there is also a counter-argument that the sales demonstrate the system completing its work: assets identified, frozen, forfeited and finally returned to the legitimate market with clean title, rather than left to decay in legal limbo.
Property watchers will be studying the achieved prices closely. A discount would suggest buyers price in stigma and legal complexity; a strong result would suggest Singapore luxury property absorbs even notorious provenance. Either way, the Cove Drive and Ocean Drive listings mark a late, tangible chapter of the 2023 crackdown — the moment when the launderers' waterfront mansions stopped being evidence and started being inventory.