Singapore government's failure to sell foreclosed assets Zahra Fakhri The Singapore government faced an obstacle not limited to the price of these assets to sell some of the assets seized in a major money laundering case. Out of 25 apartments offered, only four units were sold and some properties did not even receive offers. The high cost of buying for foreigners and the doubts of the buyers regarding these properties made the sale difficult. This experience highlights the gap between the nominal value and the realizable value of the assets; The distance in the luxury real estate market is sometimes more than you imagine. This video examines Singapore's multi-million dollar real estate story and the challenge of turning assets into cash. the channel.

Singapore government's failure to sell foreclosed assets Zahra Fakhri The Singapore government faced an obstacle not limited to the price of these assets to sell some of the assets seized in a major money laundering case. Out of 25 apartments offered, only four units were sold and some properties did not even receive offers. The high cost of buying for foreigners and the doubts of the buyers regarding these properties made the sale difficult. This experience highlights the gap between the nominal value and the realizable value of the assets; The distance in the luxury real estate market is sometimes more than you imagine. This video examines Singapore's multi-million dollar real estate story and the challenge of turning assets into cash. the channel.