Billionaire Inventor James Dyson Buys Singapore’s Most Expensive Listing

Image credit: Sotheby’s International Realty

 

Vacuum king Sir James Dyson has bagged a triplex condo atop Singapore’s tallest tower, property records show.

Spread across the top three floors of the 290-meter Tanjong Pagar Centre, the so-called “super penthouse” is the highest residence in Singapore, and had a sky-high asking price to match. The lavish apartment, part of the so-called Wallich Residences at Tanjong Pagar, was the most expensive home on the market in the city-state when it hit the market in 2017 for S$108 million (US$79.5 million).

Mr. Dyson, 72, a British billionaire who invented the bagless vacuum cleaner and founded his eponymous appliance brand, and his wife, Lady Dierdre Dyson, recently closed on the lofty home, according to a title transfer filed with the Singapore Land Authority dated June 20.

The Dysons reportedly paid S$73.8 million, nearly one-third less than the building’s developer, GuocoLand, originally wanted for the home, according to Singapore’s Business Times.

At that price, it has set a record for the biggest condo sale in the city, beating out a S$60 million spread at the “Transformers”-like Sculptura Ardmore building.

Mr. Dyson’s purchase follows an announcement that his company plans to relocate to the city-state from the U.K.. He will join roughly 24 other billionaires who call the financial center home, according to data from Savills.

 

This article was originally published in Mansion Global:
https://www.mansionglobal.com/articles/billionaire-inventor-james-dyson-buys-singapores-most-expensive-listing-205010