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Wealth Giving Billionaire James Dyson Sells His 3-Storey Wallich Residence Penthouse

Billionaire James Dyson Sells His 3-Storey Wallich Residence Penthouse

© Christophe ARCHAMBAULT - AFP/File
British industrial design engineer James Dyson (pictured in Paris) still has another property in Singapore (Image: Christophe Archambault/AFP)
By AFP
October 20, 2020
The British inventor and his wife have sold their super penthouse unit, which was Singapore's most expensive penthouse, at a loss for $62 million. The buyer is Indonesian-born tycoon Leo Koguan, according to The Business Times

British billionaire inventor James Dyson is selling his luxurious Singapore penthouse atop the city-state's tallest building, his company said Monday, about a year after buying it for a reported $74 million. The tycoon snapped up the property, which has a rooftop terrace, private pool and jacuzzi, after his electric appliance firm announced it was shifting its global headquarters to the city-state from England. 

The price tag was the highest ever for a penthouse in the affluent financial hub. 

© Roslan RAHMAN - AFP
(Image: Roslan Rahman/AFP)

(Related: What It’s Like To Live In Wallich Residence—Singapore’s Tallest Skyscraper)

But a Dyson spokesman told AFP an offer had been accepted on the three-floor residence, which also has a 600-bottle wine cellar and a dedicated butler service.

He did not give details of the sale, but it appears Dyson has made a hefty loss—The Business Times reported the property was bought by an Indonesian-born businessman from the US, Leo Koguan, for $62 million.

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

(Related: James Dyson Acquires Singapore's Largest And Highest Penthouse)

Dyson's other luxury home in Singapore features a spiral staircase, landscaped garden and an infinity pool (Image: Roslan Rahman/AFP)
Dyson's other luxury home in Singapore features a spiral staircase, landscaped garden and an infinity pool (Image: Roslan Rahman/AFP)

(Related: Covid-19 Changemakers: James Dyson’s New Ventilator for Hospitals)

The property sits on the top floors of the 64-storey, 290-metre high Guoco Tower, which is in the business district and has panoramic views over the city, including popular waterfront area Marina Bay.

Since announcing the move of his company's headquarters to Singapore last year, Dyson has made headlines by going on a property-buying spree.

Just weeks after snapping up the city-state's priciest penthouse, he bought another luxurious house for $45 million, which faces the Unesco-listed Botanic Gardens and features an infinity pool. 

(Related: The World’s First Dyson Beauty Lab Opens in Singapore)

The company's move to Singapore prompted fury in Britain that the tycoon—a vocal Brexit backer—was not investing more in British manufacturing. 

The firm—famous for its bagless vacuum cleaners—abandoned plans to produce electric cars last year, saying the project was not commercially viable. Its first vehicle plant was to be located in Singapore.

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Wealth & Giving Tatler Homes The Scene james dyson billionaires dyson wallich residence penthouse

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