Six apartments forfeited in a S$3 billion money-laundering case are heading to auction on 28 October 2026 at 2:30pm through SRI Auction. Here are four location-focused takeaways on what the sale means, read from a District 12 vantage point.
The Arcady at Boon Keng Takeaway One: Two Prime Districts, One Auction
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 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 ($3,642 psf). Both addresses sit in the Core Central Region, a different pocket of Singapore from the Kallang planning area around The Arcady at Boon Keng in District 12.
The Arcady at Boon Keng Takeaway Two: A Phased, Not One-Off, 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. The Nouvel 18 and New Futura lots belong to that broader rollout rather than standing alone.
The Arcady at Boon Keng Takeaway Three: What the Last Round Showed
In September 2026, four of ten auctioned units at Martin Modern and Wallich Residences sold, at prices between $2.08 million and $6.6 million. Reading that result from District 12, the pattern suggests selective demand concentrated around certain price points within each development, rather than an even clearance across every lot on offer.
The Arcady at Boon Keng Takeaway Four: Why District Matters to a Buyer
District 9 and District 10 carry their own pricing dynamics, shaped by decades of established luxury stock, and the auction units sit squarely within that context. The Arcady at Boon Keng occupies a different kind of location altogether: a single 24-storey tower of 172 homes at 2 Saint Barnabas Lane, off Serangoon Road, with every home facing north or south and the lowest units starting from the third storey. Boon Keng MRT on the North East Line is about six minutes on foot, with Bendemeer Market and Food Centre and Bendemeer Mall roughly the same distance away. Developer KSH Ultra Unity Pte. Ltd., a joint venture of KSH Holdings, SLB Development and H10 Holdings, launched sales for the project on 20 January 2024.
The Arcady at Boon Keng Takeaway Five: What Stays Constant Day to Day
A District 9 and District 10 auction headline says nothing about how a District 12 address functions daily. The Arcady at Boon Keng's single tower spreads 172 homes over four landscaped communal levels carrying 47 facilities, with sales launched on 20 January 2024. Those fundamentals do not move because an unrelated auction elsewhere makes headlines.
The Arcady at Boon Keng: Checking the Neighbourhood Before Deciding
A reader comparing the Core Central Region auction lots against a Kallang-area home can review the balance units chart and the transaction history through the contact page, explore the Boon Keng setting on the location page, or return to the The Arcady at Boon Keng homepage for the full project overview.
Source: EdgeProp.
General information only, not financial or legal advice.
Source: EdgeProp. This article is independent commentary; The Arcady at Boon Keng is not affiliated with the parties mentioned.
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