British billionaire James Dyson sells Singapore’s priciest “super penthouse” for 15% loss

James Dyson, a British billionaire and the inventor of the bagless vacuum cleaner, and his wife are selling their three-storey Singapore penthouse for US$ 54 million a year after purchasing it.

The penthouse perched atop of Singapore’s tallest building, the Tanjong Pagar Centre, the five-bedroom “super penthouse” is equipped with a 600-bottle wine cellar.

“An offer has been accepted on the Wallich penthouse,” said a spokesman for Dyson’s firm.

The Business Times newspaper, which first reported the sale, said an offer of S$62 million was accepted for the penthouse, or a drop of more than 15% from Dysons’ purchase price.

The apartment, which also includes a pool, jacuzzi, and a private garden with city views, was once valued at S$100 million, making it the city-state’s most expensive penthouse.

The buyer is Indonesian-born tycoon Leo Koguan, the paper said. The U.S. citizen is chairman and co-founder of infotech provider SHI International, which counts Boeing and AT&T among its 20,000 customers, business magazine Forbes says.

The Dysons’ other home in Singapore is a luxury property on a plot of land with an infinity pool and an indoor waterfall.

The billionaire has moved his company’s head office to Singapore from Britain to be closer to its fastest-growing markets. Last year, he scrapped plans to build an electric car in Singapore as not being commercially viable.