British billionaire James Dyson is set to buy a second Singapore home for £26.5m, just weeks after paying a record £43m for the city’s biggest apartment.
The tycoon and inventor of bagless vacuum purchased a three-storey, five-bedroom “super penthouse” at the top of Singapore’s tallest building earlier this month.
Now, Dyson has been given approval to purchase another luxury property, according to Singapore’s Strait Times.
The Botanic Residence on Cluny Road, which was listed at 45m Singapore dollars, faces the city’s award-winning world heritage site, the 160-year-old Botanical Garden. Boasting 1,402.9 square meters, the bungalow comes with an infinity pool and indoor waterfall.
A spokesperson for Dyson refused to comment on “the private affairs of [the family].”
However, following his last purchase, a representative 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.”
Singapore is one of the most expensive places in the world to buy a home, second to only Hong Kong, according to the latest Global Living report by real estate group CBRE.
Foreigners must have made “exceptional economic contributions” to Singapore in order to purchase landed property in the city state, the Strait Times said.
Earlier this year, Dyson confirmed his company’s headquarters will move to Singapore from Britain, in order to be closer to its fastest-growing markets. he also unveiled plans last year to build an electric car plant in Singapore.
However, Dyson has received backlash for his decision to leave the UK, facing accusations of being a “hypocrite” and “jumping ship” despite being a vocal Brexiteer.
