The family still owns a lot of prime real estate here. Like the famously creepy Istana Woodnuek(?dunno spelling). It's been left abandoned for decades and must be worth hundreds of millions
The johore royal family properties in sinkie have been dishrivelled slowly but surely bit by bit acquired by PAP for various reasons including forest reserve.
What is left of woodnuek i believe they have applied for it to be developed into a high end bungalow enclave,
Johor royal family's palace off Holland Road up for possible redevelopment
Bloomberg
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Bloomberg
September 28, 2021 11:35 am +08
The former Istana Woodneuk on Holland Road in Singapore. (Photo by The Edge Singapore)
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At 30 times the size of the White House, the project would be one of the city’s priciest private developments for decades, and may cost as much as US$4.5 billion to develop, according to a Savills Plc estimate.
(Sept 28): A sprawling, vacant plot of land in the heart of Singapore, which inspired the setting of the hit movie "Crazy Rich Asians", may be transformed into a multibillion-dollar luxury residential development, according to people with knowledge of the plans.
Representatives for the Crown Prince of Johor, Tunku Ismail Sultan Ibrahim — the land's registered owner — are in talks with local authorities for permission to develop a cluster of high-end homes on the swathe of jungle next to the Botanic Gardens, a Unesco World Heritage site, the people said, asking not to be identified because the discussions are confidential.
At 30 times the size of the White House, the project would be one of the city's priciest private developments for decades, and may cost as much as US$4.5 billion to develop, according to a Savills plc estimate.
If constructed, the luxury homes — a short ride to the famous Orchard Road shopping district — would likely draw interest from the region's ultra-wealthy who have long bought second homes in the city, a trend that is accelerated during the pandemic.
Singapore's red-hot residential market recorded US$32.9 billion of home sales in the first half, its biggest frenzy in more than a decade, and double the level recorded in Manhattan over the same period.