Singapore ministers awarded US$113,000 each in legal costs in Bloomberg libel suit

A court earlier this month ruled that a December 2024 Bloomberg article on Good Class Bungalow transactions had defamed the ministers

Details of the costs were shared with the media in an extract of the notes of proceedings.

The breakdown showed that each minister was awarded S$50,000 for pre-trial work, S$65,000 for the trial and S$30,000 for post-trial work.

The Bloomberg article opened with a line: “Singapore’s ultra-rich are increasingly cloaking their purchases of mansions in the city state in secrecy.”

After referencing a S$3 billion money laundering scandal and how criminals linked to the case were convicted, jailed and deported, the article said buyers of high-end homes would rather keep their purchases under the radar.