British billionaire buys record-breaking S$73.8 million penthouse in Singapore

Singapore – James Dyson, chairman and founder of Dyson Ltd, purchased the highest and priciest penthouse in Singapore for a sum of S$73.8 million.

Dyson Ltd is a company that is known for manufacturing vacuum cleaners, hairdryers, hand dryers, and intelligent air purifiers.

According to an initial report by Bloomberg, Dyson’s penthouse is a record-breaking purchase, topping the S$60 million purchase by Facebook’s co-founder Eduardo Saverin in 2017.

The penthouse is located atop Singapore’s Wallich Residence which overlooks the central business district and heritage shops. The residence, priced for sale at S$108 million, boasts of an infinity pool, jacuzzi, BBQ pit, and private lift lobby.

The billionaire moved the headquarters of the Dyson company from the UK to Singapore last January. The relocation is done to seize opportunities due to the “shift in the importance of the Asian region to the company.” The Dyson manufacturing facility in Jurong currently employs 1,150 people. According to CEO Jim Rowan, the company is looking to hire more workers as they are shifting from mechanical engineering to software and electronics.

James Dyson and his wife Deirdre Hindmarsh are Singapore permanent residents.

James Dyson has an estimated net worth of $5.5 billion (S$7.49 billion). Forbes reported that Dyson’s planned electric car, which will cost $2.7 billion (S$3.68 billion) in research and development, will be manufactured in Singapore and expected to launch in 2021./TISG