Six apartments forfeited in Singapore's S$3 billion money-laundering case go under the hammer on 28 October 2026 at 2:30pm through SRI Auction. Five sit at Nouvel 18 on Ardmore Park, District 10, a freehold, 156-unit 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, guided at $9.8 million ($3,642 psf); New Futura is likewise freehold, with 124 units, completed in 2017.
What the Auction Tells a Terra Hill-Style Freehold Investor
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 current lot is one tranche in that longer schedule. The previous phase gives a sense of appetite: in September 2026, four of ten auctioned units at Martin Modern and Wallich Residences sold, for sums between $2.08 million and $6.6 million.
An investor comparing freehold District 9 and 10 stock against a freehold District 5 holding has a new, publicly guided data point to weigh — not as a forecast of where values are heading, but as evidence of how buyers are responding to guide prices set outside a normal sale and purchase process. That six of ten units cleared in the prior tranche, rather than all or none, suggests selective rather than blanket demand for forfeited freehold stock at these guide levels.
Terra Hill's Own Freehold Position on the Southern Ridges
Terra Hill is a 270-home freehold condominium across nine five-storey blocks with attics, built on a terraced hillside at 18 to 22B Yew Siang Road off Pasir Panjang Road in District 5. The Signature Collection spans 240 homes from a 624 sq ft two-bedder to five-bedroom attic penthouses, while the Prestige Collection offers 30 homes with two per floor and private lift lobbies, including the 1,894 sq ft four-bedroom DP1 and the 3,035 sq ft five-bedroom penthouse EP1-PH. Developer Hoi Hup Sunway Kent Ridge Pte. Ltd., a joint venture of Hoi Hup Realty and Sunway Developments, has the Sales Gallery and show units for Types B3, C5 and DP1 open for viewing, confirmed on 8 October 2026. Pasir Panjang MRT is about 350 m away, with a side gate opening onto Kent Ridge Park and the Greater Southern Waterfront along the coast below.
Comparing a Forfeited Freehold Unit to a Terra Hill Viewing
A reader weighing the auction units against a freehold purchase at Terra Hill can request the price list, e-brochure and availability through the Sales Concierge by visiting the contact page, or check the hillside setting on the location page first. The Terra Hill homepage carries the full project overview, including the notice of vacant possession dated 9 January 2028 and notice of completion dated 9 January 2031.
Source: EdgeProp.
General information only, not financial or legal advice.
Source: EdgeProp. This article is independent commentary; Terra Hill is not affiliated with the parties mentioned.
Talk to the Sales Concierge About Terra Hill
The Sales Concierge sends the e-brochure, the current price list and availability for Terra Hill, and arranges a private viewing of the show units.