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 $4.5 billion to develop, according to a Savills Plc estimate.
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.
