Billionaire pays $54m for penthouse
Published on: Thursday, July 11, 2019
SINGAPORE: British billionaire inventor James Dyson has paid a reported $54 million for Singapore’s biggest, most expensive penthouse: a three-floor residence with a rooftop terrace, private pool, and jacuzzi.
His electric appliance company, known for its bagless vacuum cleaners, hand dryers and fans, announced this year it was shifting its global headquarters from England to the city-state to be closer to Asian markets.
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The company also plans to produce electric cars there, as part of its expansion east after Britain’s decision in 2016 to leave the EU.
The Brexit-backing tycoon purchased the 21,000 square foot (1,960 square metre) “super penthouse” for almost Sg$74 million ($54 million), Singapore’s Business Times newspaper reported, without citing a source.
A land title document seen by AFP lists Dyson and his wife Deirdre as joint tenants of the 99-year leasehold property, with the sale registered on June 20.
The company confirmed Dyson, 72, had bought a property in the city.
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