dyson singapore

Inside the sale of Sir James Dyson’s Singapore megahome

The British billionaire is set to make a loss of approximately £7m on the sale — so why did he decide to sell after only one year?

If you’re the type of person who enjoys the look of Smeg shelves that bow under the weight of Voss bottles; has calculated the cost of restoring a recently purchased El Greco; owns wines that are really fine; and considers Patrick Bateman to be the fount of all grooming knowledge, then an ogle at Sir James Dyson’s Singapore megahome might make you think it’s time for your Knight Frank agent to pull his finger out.

Little over a year since Dyson signed a 99-year lease to his £43 million triplex penthouse — which, at the time of his purchase, became Singapore’s most expensive — it has been reported that the vacuum-cleaner billionaire is ready to call in the movers, having accepted an offer of £36 million from US-based magnate Leo Koguan, co-founder and chairman of IT provider SHI International.

At current exchange rates, the inventor behind appliance firm Dyson – whose line of hairdryers, air purifiers and bagless vacuum cleaners has often become subject of housewife haiku — is set to make a loss of approximately £7 million on the sale. Reasons for the notable drop in value have not been confirmed, but it would be a safe bet that Dyson’s Monzo overdraft won’t be stretched to its limits just yet, with the 73-year-old having topped The Sunday Times Rich List for the first time in May, thanks to an amassed £16.2 billion net worth.

Stationed within the Tanjong Pagar neighbourhood on Singapore’s southern side, and jimmied into the top three floors of the 64-storey Guoco Tower — heralded as the city-state’s tallest skyscraper on completion in 2016 — Dyson’s five-bed unit looks like the sort of place a mid-level Accenture associate can only dog-ear in his first-time buyer’s pamphlet. It is a home whose 12-metre pool postures in much the same way that a bottle of Aesop does in a five-star bathroom.

If you should ever find yourself in this super penthouse — which is, in jargonese, the biggest ‘non-landed residence’ in Singapore, at 21,000 sq ft — you will see chandeliers and marble floors by the bushel; you’ll be able to request the 24-hour butler service to fetch your yacht; and you will poke your head around a ‘wet kitchen’ whose amenities suggest an owner of chefly ambition.

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The Gentleman

The Gentleman

The Gentleman is the mercurial editor-at-large of the Gentleman's Journal.

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