Singapore Swaps Prime Land With Malaysia Billionaire King’s Son

Singapore’s government is transferring a plot of land in one of its priciest residential enclaves to the eldest son of Malaysia’s billionaire king, in exchange for a larger vacant parcel that his family has owned for more than a century.

Ismail Ibrahim, the Regent of Johor state, is the registered owner of a 21.1 hectare (52 acres) parcel of land along Holland Road that is worth billions of dollars. It is close to Singapore’s Botanic Gardens, a colonial-era attraction which has become a UNESCO World Heritage Site.