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International Property
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British billionaire James Dyson buys Singapore’s priciest penthouse for a reported US$54 million

  • The Brexit supporter moved his head office to Singapore in January
  • Three-storey penthouse on 62nd floor comes equipped with private pool

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Official title records show Dyson and his wife became tenants of the 99-year leasehold property on June 20. Photo: AFP
Reuters

British billionaire James Dyson, inventor of the bagless vacuum cleaner, has bought Singapore’s most expensive penthouse, official records show.

The three-storey penthouse, once valued at S$100 million (US$73.4 million), sits on the 62nd, 63rd and 64th floors, and is equipped with a private pool. It is located in the heart of the city’s financial district.

Dyson, a Brexit supporter, announced in January he was moving his head office from Britain to Singapore to be closer to its fastest-growing markets. His eponymous firm, which also makes bladeless fans, air purifiers and hair dryers, plans to build its first electric car in Singapore.

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Wallich Residence’s penthouse sits in the tallest building in Singapore, built by developer GuocoLand.

Before its unveiling in 2017, the highest asking price for the “bungalow in the sky” reached a dizzying S$100 million, making it Singapore’s most expensive.

Official title records show Dyson and his wife became tenants of the 99-year leasehold property on June 20. The records did not state the price paid but Business Times reported Dyson bought the property for S$73.8 million.

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