Monday 26 October 2020
British billionaire inventor James Dyson is selling his luxurious Singapore penthouse atop the city-state's tallest building, about a year after buying it. Photo: AFP

About a year ago, founder of Dyson, James Dyson purchased a luxurious Singapore penthouse atop the city-state’s tallest building for a reported US$54 million. The designer and entrepreneur snapped up the property, which has a rooftop terrace, private pool and jacuzzi, after his electric appliance firm announced it was shifting its global headquarters to the city-state from England. It sits on the top floors of the 64-storey, 290-metre high Guoco Tower, which is in the business district and has panoramic views over the city, including popular waterfront area Marina Bay.

The price tag was the highest ever for a penthouse in the affluent financial hub. But a Dyson spokesman now says an offer has been accepted on the three-floor residence, which also has a 600-bottle wine cellar and a dedicated butler service. While he did not give details of the sale, it appears Dyson has made a hefty loss. Singapore’s Business Times newspaper reported that the property was bought by a businessman in the US for US$45 million.

Despite the sale, the spokesman said “Dyson remains fully committed to expanding its research and development footprint and other operations in Singapore”.

Since announcing the move of his company’s headquarters to Singapore last year, Dyson has made headlines by going on a property-buying spree. Just weeks after snapping up the city-state’s priciest penthouse, he bought another luxurious house for US$33 million, which faces the UNESCO-listed Botanic Gardens and features an infinity pool.


james Dyson bought a luxurious house in Singapore for US$33 million, which faces the UNESCO-listed Botanic Gardens and features an infinity pool after the purchase of his penthouse. Photo: AFP


The company’s move to Singapore prompted fury in Britain that the tycoon, who is also a vocal Brexit backer, was not investing more in British manufacturing.

The firm, which is famous for its bagless vacuum cleaners, abandoned plans to produce electric cars last year, saying the project was not commercially viable. Its first vehicle plant was to be located in Singapore.


Source: AFP Relax News