Dyson Owner Bought S’pore’s Most Expensive Penthouse for SGD$73.8 million

By
George Yang
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Do you use a Dyson product?

Image: TY Lim / Shutterstock.com

If so, you might have contributed like 0.00000000000000001% to this piece of news.

Because the founder of Dyson Ltd, whose name is James Dyson, has just bought a penthouse here in Singapore and I’m pretty sure it’ll be filled with Dyson vacuum cleaners.

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Here’s what happened.

Dyson Moving to Singapore

Dyson, the company and not the person, was established in 1991 in the UK and as of now, employs well over 12,000 people worldwide.

In a rather surprising move, Dyson announced in January this year that they’re moving their HQ from England to Singapore. The company CEO, Jim Rowan, clarified that it has nothing to do with Brexit, and the goal is to “future-proof” the business.

That kind of sounds promising to us Singaporeans, doesn’t it? We’re future-ready!

But anyways, the decision was made by James Dyson and the executive team, and back then, the move would happen in the “coming months”.

In addition, we could be seeing the first electric car being built here by Dyson. Pretty lit, isn’t it?

As we all throw our resignation letters to our bosses and Google for job openings to work on bladeless hair dryers, there’s now another news about Dyson.

This time, it’s about James Dyson, who owns 100% of the company.

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James Dyson Bought a Super Penthouse in the Heat of Singapore

The 72-year-old billionaire, who allegedly has a net worth of USD$12.9 billion, has to relocate to Singapore as a result of his company’s move.

A Dyson spokesperson said, “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.”

But instead of buying an HDB flat and living in a different unit every day, he made the logical decision of buying a super three-storey penthouse in Wallich Residence.

I won’t blame you if you’ve not heard of that. I haven’t, too.

The Wallich Residence is a super high-SES luxury residence (won’t even want to call it a condo, man) that sits atop of offices. Currently the tallest building in Singapore, it has four normal penthouse and one super penthouse that spans 21,000 sqft with its private lift.

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Located at the 62nd to 64th storey of the building, it’s also called a “bungalow in the sky”.

Why buy a bungalow beside a road when you can have it in the sky, right?

Here, take a look at what your purchase of another Dyson hairdryer has contributed to this purchase:

Image: Wallich Residence
Image: Wallich Residence
Image: Wallich Residence

It’s allegedly bought for SGD$73.8 million, and title records seen by Reuters showed that James Dyson and his wife bought the 99-year leasehold property on 20 June 2019.

Oh, yes, despite its hefty price tag, it’s still only 99 years.

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In the meantime, let me go back to my desk and calculate how long I’d need to work in order to buy that penthouse.

Image: Giphy

Oh, I got it. It’s about 2,500 years. And I’ve to spend all my salary on the house. FML.

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George Yang
Email: [email protected]