The 21,109 square foot super-penthouse was purchased last year by Dyson, the U.K.’s richest man, for a record S$73.8 million ($54.38 million).
James Dyson, the inventor of the bagless vacuum, has sold his triplex penthouse in Tanjong Pagar for S$62 million – at a S$11.8 million loss – less than two years after he made the record purchase.
The buyer is reportedly Indonesia-born tycoon Leo Koguan, according to «The Business Times» (behind paywall). The U.S. citizen is the co-founder and chairman of IT provider SHI International, which counts Boeing and AT&T among its 20,000 customers.
Dyson will also have to pay a Seller’s Stamp Duty of 8 percent of the sale price, or almost S$5 million, for disposing the penthouse during its second year after purchase. Completed in 2017, Wallich Residence is the tallest residential building in Singapore. It sits atop Guoco Tower, and occupies the 39th to 64th floors of Tanjong Pagar Centre.
Move to Singapore
Dyson, 72, is a vocal supporter of the U.K.'s decision to leave the European Union. In January 2019, he said that he would establish the company's headquarters in Singapore, where he would build the company's first electric car. However, he soon scrapped the car project, saying that was not «commercially viable.»
Dyson continues to maintain another property in the city-state – a 1,400 square-meter Good Class Bungalow on Cluny Road with unobstructed views of the Singapore Botanic Gardens, purchased in July 2019 for an estimated S$41 million.
