Billionaire James Dyson ready to buy second luxury residence in Singapore after snapping up city’s most expensive penthouse

British inventor has reportedly been given approval to buy house valued at US$33 million which faces Singapore’s Unesco-listed Botanic Garden

Company plans to move its head office from Britain to Singapore, and to build its first electric car in the city state

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James Dyson 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. Photo: Bloomberg

Published: 11:01am, 26 Jul 2019Updated: 12:52pm, 26 Jul 2019

James Dyson, the inventor of the bagless vacuum cleaner, is poised to purchase his second luxury property in Singapore, complete with an infinity pool and indoor waterfall, weeks after news broke he had snapped up the city state’s priciest penthouse.

The Straits Times newspaper reported on Friday the British billionaire had been given approval to buy the plush house – which was marketed at about S$45 million (US$33 million) and faces Singapore’s Unesco-listed Botanic Gardens.

For foreigners and permanent residents to be allowed to purchase landed property in Singapore they must have made “exceptional economic contributions in Singapore”, the newspaper said.

Dyson, 72 and a Brexit supporter, announced plans in January to move his company’s head office from Britain to Singapore to be closer to its fastest-growing markets. His firm plans to build its first electric car in the city state. Singapore does not have a single carmaking plant and is one of the costliest places in the world to buy a vehicle.

“We expect to be able to go in and disrupt yet another industry using bespoke Dyson technology and innovation,” chief executive Jim Rowan said earlier this year.

“Our growth rate in Asia has doubled most other places in the world over recent years,” Rowan said, adding that more than half of the company’s profits came from the region.

Guoco Tower, where a luxury penthouse at Wallich Residence is located. Photo: AFP

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Billionaire James Dyson ready to buy second luxury residence in Singapore after snapping up city’s most expensive penthouse

British inventor has reportedly been given approval to buy house valued at US$33 million which faces Singapore’s Unesco-listed Botanic Garden Company plans to move its head office from Britain to Singapore, and to build its first electric car in the city state

British inventor has reportedly been given approval to buy house valued at US$33 million which faces Singapore’s Unesco-listed Botanic Garden

Company plans to move its head office from Britain to Singapore, and to build its first electric car in the city state