Historic Land Exchange Between Singapore and Johor's Crown Prince

In a landmark agreement, Tunku Ismail Sultan Ibrahim, the Regent of Johor state, has entered into a land swap deal with the Singapore government. This involves a prime 21.1 hectare parcel near the UNESCO World Heritage-listed Botanic Gardens.

Strategic Development Plans Unveiled

The Urban Redevelopment Authority of Singapore revealed that Ismail plans to develop his land, leading to an exchange agreement. This deal will see 13 hectares of Ismail's land near the Botanic Gardens transferred to Singapore, in return for 8.5 hectares of state land of comparable value nearby.

Preserving the Botanic Gardens' Ambiance

This arrangement aims to ensure that any future developments on Ismail's land maintain a respectful distance from the iconic Botanic Gardens, preserving its serene environment.

Luxury Developments on the Horizon

The estate, located in the prestigious Tyersall Park area, has been the subject of discussions for years, with plans for a multibillion-dollar luxury residential project. The area, known for its high-value real estate and proximity to embassies and Orchard Road, is set for a transformation.

Royal Wealth and Political Influence

With the Johor royal family's wealth estimated at $5.7 billion last year, this Singapore estate forms a significant part of their assets. The deal also highlights the growing political influence of Ismail's father, Ibrahim Iskandar, Malaysia's monarch.

Valuation and Development Potential

Experts estimate the reconfigured 16.6 hectare land could be valued between SGD3.67 billion to SGD3.83 billion, with potential for a mix of condominiums and landed houses, adhering to the area's four-storey height restriction.