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The
three-storey "super penthouse" at the top of Singapore's tallest
building sold for S$73.8 million ($54.2 million), according to
media reports.
Accessed by its own lift, the downtown apartment once valued at
S$100 million has five bedrooms, a 600-bottle wine cellar, pool,
jacuzzi, and a private garden with city views that include the
Marina Bay Sands hotel, marketing documents show.
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 - whose products include bladeless fans, air purifiers
and hair dryers - plans to build its first electric car in the
city-state.
The Wallich Residence penthouse sits on top of the tallest
building in Singapore - Tanjong Pagar Centre - built by
developer GuocoLand Ltd <GUOC.SI>.
Before its unveiling, the highest asking price for the "bungalow
in the sky" reached a dizzying S$100 million in 2017, making it
Singapore's most expensive. https://reut.rs/30zpWX9
Title records seen by Reuters show Dyson and his wife became
tenants of the 99-year leasehold property on June 20.
The records did not state the price paid, but media reported
Dyson, who has been given permanent residence status, bought the
property for S$73.8 million.
"Given the decision to locate the headquarters in Singapore and
the growing focus of the company's business in the region, of
course James Dyson has bought a property there," a Dyson
spokesman said, without giving further details of the purchase.
Dyson is 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.
Singapore is an island of well-heeled stability that attracts
the super-rich from its less-developed Southeast Asian
neighbors, as well as millionaires from mainland China.
The city intensified property restrictions last year after a
9.1% annual increase in home prices and as developers paid
record amounts to buy land.
Foreigners now have to pay levies of more than 20% to buy
property under the new rules, but citizens and permanent
residents pay far lower taxes.
"From the onset, the buyer was always going to be a foreigner,"
said Leong Boon Hoe of List Sotheby's International Realty, one
of the agencies marketing the penthouse.
"It's a place to be able to showcase your wealth".
(Reporting by Fathin Ungku, John Geddie and Aradhana Aravindan;
Editing by Rashmi Aich and Darren Schuettler)
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