
Tunku Ismail Sultan Ibrahim, the Crown Prince of Johor, addressed reports regarding the potential sale of a 16.6-hectare site in Singapore's Tyersall Park, dismissing concerns over tax complications and suggesting the land's value could be significant if rezoned.
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The Johor royal family has held land in Singapore's Tyersall Park area for over a century.
“As a regular taxpayer, this is normal. No complication and more than happy to contribute to both countries. Should make it double,” Tunku Ismail Sultan Ibrahim posted on social media on Thursday, hours after the Bloomberg report emerged.
The crown prince of Johor, Malaysia’s closest state to Singapore, even cheekily added the hashtag #gameisrigged, which he often uses when criticising football-related issues.
According to the report, Ismail is looking to sell a 16.6-hectare site in Singapore’s Tyersall Park area, where the Johor royal family has owned land for more than a century.
The plot, which reportedly included a parcel the prince obtained through a land swap with the Singapore government last year, would be worth between S$3.8 billion and S$4.7 billion if rezoned, Nicholas Mak, chief research officer at local property portal Mogul.sg, told Bloomberg.

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