British billionaire Dyson sells Singapore's priciest penthouse for S$62 million at 16% loss: Report

British billionaire Dyson sells Singapore's priciest penthouse for S$62 million at 16% loss: Report

Wallich Residence super penthouse
The living room of the "super penthouse". (Image: Wallich Residence website)

SINGAPORE: British billionaire James Dyson, the inventor of the bagless vacuum cleaner, and his wife are selling their three-storey Singapore penthouse for S$62 million (US$46 million), about a year after buying it for a reported S$73.8 million, a drop of almost 16 per cent.

The Business Times newspaper, which first reported the sale, said the buyer is Indonesian-born tycoon Leo Koguan. The US citizen is chairman and co-founder of infotech provider SHI International, which counts Boeing and AT&T among its 20,000 customers, business magazine Forbes says.

Perched atop Singapore's tallest building, the Tanjong Pagar Centre, the five-bedroom "super penthouse" is equipped with a 600-bottle wine cellar.

READ: James Dyson buys Singapore penthouse: What does he get for S$73.8 million?

"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 the wealthy Asian city-state.

The apartment, which also includes a pool, jacuzzi, and a private garden with city views, was once valued at S$100 million, making it the city-state's most expensive penthouse.

READ: Dyson to move global headquarters to St James Power Station in Singapore

The Dysons' other home in Singapore is a luxury property on a plot of land with an infinity pool and an indoor waterfall.

The billionaire has moved his company's head office to Singapore from Britain to be closer to its fastest-growing markets. Last year, he scrapped plans to build an electric car in Singapore as not being commercially viable.

"Dyson remains fully committed to expanding its research and development footprint and other operations in Singapore," the spokesman added.

Source: Reuters/kv

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