The land is registered under the Johor Crown Prince, Tunku Ismail Sultan Ibrahim.
Representatives of the Crown Prince are currently in talks with Singapore authorities for permission to develop a cluster of high-end homes, but all these were reportedly occurring under wraps with discussions ongoing since 2020, according to Bloomberg.
Alan Cheong, executive director of research at Savills Singapore, said the plot could be worth between S$2.66 billion and S$4.5 billion.
https://mothership.sg/2019/02/istana-woodneuk-how-to-go-guide/
British YouTuber explores creepy Istana Woodneuk in S'pore, says he didn't mean to trespass