Billionaire vaccum-cleaner tycoon James Dyson and his wife are selling their Singapore penthouse for S$62 million ($46 million), just a year after they reportedly paid S$73.8 million for it.
Singapore’s Business Times reported that Dyson had accepted an offer for the “super penthouse” from U.S.-based billionaire Leo Koguan for the luxury residence.
The Wallich Residence property occupies the top three levels of Singapore’s 64-storey Guoco Tower in Tanjong Pagar and has five bedrooms, six full bathrooms, a 12-meter rooftop swimming pool, a Jacuzzi room, and a 600-bottle wine cellar.
Marketing materials have advertised the 21,000 sq ft property as the largest “non-landed residence” in Singapore.
Dyson, 73, bought the apartment last year after announcing plans to move the company’s headquarters to the city state’s historic St James Power Station. Consumer-electronics company Dyson is best known for its bagless vacuum cleaners but it also makes air purifiers and blow-dryers.
A person familiar with the situation said the Dyson family will continue to maintain a home in Singapore, and the company remains fully committed to expanding its research and development footprint and other operations in both the U.K. and Singapore.
The Dyson family owns another property in Singapore, which is reported to have cost S$45 million (£26.5 million), a bungalow opposite Singapore’s Unesco-listed Botanic Gardens.
Indonesian-born Koguan is the chairman and co-founder of infotech provider SHI International
which has more than 20,000 customers, including Boeing
according to business magazine Forbes.
Dyson is Britain’s richest man, with an estimated fortune of £16.2 billion ($21.7 billion) according to the Sunday Times Rich List 2020.
In July, Dyson announced it would cut 900 job cuts worldwide because of the impact of the COVID-19 pandemic on the business. Last year, Dyson abandoned plans to build an electric car in Singapore, after saying it wasn’t commercially viable.