Sir James Dyson buys Singapore’s biggest penthouse flat at £43M

James Dyson

Sir James Dyson has bought what is thought to be Singapore’s biggest and most expensive penthouse flat.

The purchase comes after his company, best known for its vacuum cleaners, moved its HQ from the UK to Singapore.

The property, at the heart of the city’s business district, spans three floors and has five bedrooms.

Official records show Sir James and his wife Lady Deidre Dyson are joint tenants of the apartment at the prestigious Wallich Residence.

“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 spokesperson said in a statement.

Sir James took ownership of the property in June, the records show.

According to marketing documents, the property is the largest non-landed residence in Singapore and has its own swimming pool, jacuzzi room and bar facilities.

Singapore’s Business Times reports that, Sir James paid $73.8m ($54m, £43m) for the “super penthouse”, which has views of the city’s Marina Bay Sands and the financial district.

The price tag is likely to make it Singapore’s most expensive flat.

Sir James Dyson has been a prominent advocate for Brexit and last year said the UK leaving the EU with no deal would “make no difference”.

So when he decided to move his company’s headquarters to Singapore, he was accused of hypocrisy.

However, the company said the move was for commercial reasons, and had nothing to do with Brexit.

“It’s to make us future-proof for where we see the biggest opportunities,” chief executive Jim Rowan said at the time.

Dyson has been building its presence in Singapore, announcing last year it would build a new electric car plant in Singapore.

As well as vacuum cleaners, Dyson is also known for making air purifiers and hair care products like hair dryers.

Most of Dyson’s products are designed in the UK, but manufactured in Asia.