Johor regent may face S$2 billion tax bill over proposed sale of land in S'pore, says it's no issue
He said in a Sep. 3 post on X that this is normal as a regular taxpayer.
The eldest son of Malaysia's king, Ismail Ibrahim, the regent of Johor, could potentially face a hefty tax bill of S$2 billion upon the proposed sale of his land in Singapore. Despite this financial burden, the crown prince expressed no concerns and even welcomed paying taxes in both Malaysia and Singapore. He took to X to clarify that this is the norm for a regular taxpayer and that he is "more than happy" to contribute to both nations.
Ismail is contemplating the sale of his 16.6-hectare land, which includes a plot he acquired through a land swap arrangement with the Singaporean government in 2025. The sale would enable properties to be built on the land, further away from the UNESCO World Heritage Site Botanic Gardens. This strategic move would likely increase the value of the land, triggering the estimated S$2 billion tax bill.
The Singapore Land Authority, responsible for administering this tax, declined to comment on the matter, citing a focus on market speculation rather than landowners' intentions or potential transactions. The Urban Redevelopment Authority (URA) had previously granted Ismail permission to develop the land for residential use, specifically for low-rise, low-density housing and Good Class Bungalows. The URA has since reviewed the development application and is proposing to rezone the land parcels to residential status.
Written by urgent.news from Mothership's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
