News: Singapore just sold its most expensive condo ever

Jul 11, 2019

British billionaire James Dyson, inventor of the bagless vacuum cleaner, has snapped up the most expensive apartment in Singapore, where his company plans to build an electric car.

Earlier this week, Dyson and his wife, Deirdre made headlines after they reportedly paid S$73.8 million for a triplex super penthouse at the ultra-luxe Wallich Residence (pic). The purchase is said to be the most expensive condo transaction ever in the city-state. 

Based on title records seen by Reuters, Dyson and his wife bought the Wallich Residence penthouse on 20 June, 2019.

Once valued at $100 million, the three-storey property has an area of 21,000 sq ft and comes with five bedrooms, a private garden, a 600-bottle wine cellar, pool and jacuzzi. It can also be accessed by its own lift and boasts city views including the Marina Bay Sands, showed marketing documents.

The 99-year leasehold penthouse at Tanjong Pagar Centre spans across the 62nd to 64th floors of Guoco Tower, which was built by developer GuocoLand.

Find out more about Tanjong Pagar, a colourful and tidy corner of Singapore’s CBD!

In January, the 72-year-old Dyson announced plans to relocate his company’s head office to Singapore from Britain to be closer to its fastest-growing markets.

With products including bagless vacuum cleaners, air purifiers, hair dryers and bladeless fans, his company is also looking at building its first electric car in Singapore.

“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,” said a Dyson spokesman, without offering further details on the purchase.

Fiona Ho, Digital Content Manager at PropertyGuru, edited this story. To contact her about this or other stories, email fiona@propertyguru.com.sg

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