James Dyson buys Singapore’s most expensive apartment as he prepares to move HQ
BILLIONAIRE Sir James Dyson bought a £44m super-penthouse in Singapore as he prepares to move his company HQ from Wiltshire.
The three-storey five-bedroom Wallich residence in downtown Tanjong Pagar Centre is the country’s most expensive apartment and has its own lift, swimming pool, 600-bottle wine cellar, jacuzzi and private garden.
Sir James announced plans in January to move his company’s head office from Malmesbury to Singapore to be closer to its fastest-growing markets and develop an electric car.
As one of the most high-profile Brexit advocates of the business world, Mr Dyson and his executives denied accusations that the move east was linked to uncertainties about the UK’s post-Brexit economy.
Title records seen by Reuters show that Mr Dyson and his wife Lady Deirdre, who makes contemporary rugs, became tenants of the 99-year leasehold property on June 20.
“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 told the news agency, without giving further details of the purchase.
The records did not reveal the price paid, but before its unveiling, the residence had an asking price of 100 million Singapore dollars (£59m). The Business Times reported a lower final price of S$73.8m (£44m
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