Billionaire James Dyson sells Singapore’s priciest penthouse at US$8 million loss

The inventor of the bagless vacuum cleaner bought the Wallich Residence for US$54 million last year, setting a property record in Singapore

Dyson, who moved his head office to Singapore last year, also owns a bungalow near the Botanic Gardens, which he and his wife are keeping

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Singapore’s Guoco Tower, which houses the luxury Wallich Residence penthouse sold by British billionaire James Dyson. Photo: AFP

Published: 12:30pm, 19 Oct 2020Updated: 9:25pm, 19 Oct 2020

Billionaire vacuum-cleaner mogul James Dyson and his wife are selling their Singapore penthouse for S$62 million (US$46 million) – less than the record S$73.8 million (US$54 million) they paid for it a year go – The Business Times reported on Monday, without saying where it got the information.

Singapore’s tallest penthouse, on the top three levels of the 64-storey Guoco Tower in Tanjong Pagar, fetched about S$3,000 per square foot, the newspaper said.

It comes with its own infinity pool and private lift lobby from the basement car park. The 21,000-square-foot, five-bedroom property also boasts a rooftop terrace, jacuzzi and 600-bottle wine cellar.

“An offer has been accepted on the Wallich penthouse,” said a spokesman for Dyson’s firm. He declined further comment on the family’s personal properties or affairs but said Dyson would continue to maintain a home in Singapore.

The Dysons’ purchase of the Wallich Residence penthouse last year set a record for Singapore penthouses.