Billionaire James Dyson buys $54 million penthouse in Singapore: Reports

The Wallich Residence is positioned throughout the Tanjong Pagar Centre (second from proper), Singapore’s tallest constructing.

Everett Rosenfeld | CNBC

British expertise agency founder James Dyson and his spouse have purchased a luxurious penthouse in Singapore for a file 73.eight million Singapore {dollars} ($54.2 million), in line with The Enterprise Instances newspaper on Wednesday.

The privately held firm Dyson based is thought for promoting $400 hair dryers and sleekly designed vacuum cleaners.

The Enterprise Instances didn’t specify its sources, however native newspaper The Straits Instances stated it had reviewed paperwork revealing the acquisition.

Official title information seen by Reuters present billionaire Dyson and his spouse turned tenants of the 99-year leasehold property on June 20. The information didn’t state the worth paid, the wire stated.

Billionaire James Dyson has reportedly bought a luxurious penthouse in Singapore’s Wallich Residence.

Everett Rosenfeld | CNBC

Dyson’s reported buy apparently units a brand new file value for a penthouse in Singapore — one of many world’s costliest cities to purchase a house.

Positioned within the city-state’s central enterprise district, the penthouse Dyson reportedly bought occupies the highest three ranges of the the tallest constructing within the Southeast Asian city-state.

Dyson’s reported penthouse buy got here 9 months after the corporate stated it had picked Singapore for its new electrical automotive manufacturing unit.

In January, Dyson stated he was shifting his head workplace to Singapore from Britain to be nearer to his firm’s fastest-growing markets.

The Wallich Residence is positioned throughout the Tanjong Pagar Centre, Singapore’s tallest constructing.

Everett Rosenfeld | CNBC

The transfer sparked controversy as a result of Dyson had been a vocal supporter of the U.K.’s exit from the European Union.

Dyson didn’t instantly reply to a CNBC request for remark, however an organization spokesperson instructed The Enterprise Instances: “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.”

The spokesperson didn’t affirm the precise buy to the newspaper.

Learn extra about James Dyson’s new Singapore penthouse in The Enterprise Instances.

—Reuters contributed to this report.

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