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. 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. With Dyson on board, Singapore pitches hi-tech credentials to electric car makers 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. “Given the decision to locate the headquarters in Singapore and the growing focus of the company’s business in the region, of course James Dyson has bought a property there,” a Dyson spokesman said, without giving further details of the purchase. The 72-year-old has become one of Britain’s best-known entrepreneurs, creating a multibillion-dollar company from an insight that a cyclone could collect household dust better than a clogged-up bag. UK vacuum giant Dyson is moving headquarters to Singapore Singapore is an island of well-heeled stability that attracts the super-rich from its less-developed Southeast Asian neighbours, as well as multimillionaires from mainland China. To cool its property market, the Singapore government intensified property curbs last year after a 9.1 per cent annual increase in home prices and as developers paid record amounts to buy land. Foreigners now have to pay levies of more than 20 per cent to buy property in the city under the new rules.