Malaysian billionaire king’s son’s plan to sell prime Singapore land complicated by $1.6B tax
The levy, known as a land betterment charge, has become a point of contention in talks with some prospective buyers of Tunku Ismail’s 16.6-hectare site between Holland Road and Tyersall Avenue, Bloomberg reported, citing people familiar with the matter. Tunku Ismail, the site’s owner as well as the crown prince and regent of Malaysia’s Johor … Read more