British billionaire James Dyson, the inventor of the bagless vacuum cleaner, and his wife are selling their three-storey Singapore penthouse about a year after buying it for a reported S$74 million (£42 million).
Perched atop 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. He declined further comment on the family's personal properties or affairs but said Dyson would continue to maintain a home in the wealthy Asian city-state.
James Dyson & vacuum cleanerJames Dyson,with his revolutionary design of vacuum cleaner, following the news that he is to receive a CBE for services to industrial design, in the New Year's Honours list. * 13/10/00: The High Court in London grants Dyson Appliances an injunction banning further sales of the Hoover Triple Vortex, until his patent runs out in June 2001. Dyson, inventor of the bagless Dual Cyclone machine, won a ruling on October 3 2000 that Hoover's bagless model infringed his copyright. 05/02/02 Electrical goods firm Dyson is to transfer manufacturing of its vacuum cleaners from Malmesbury, Wiltshire, to the Far East with the loss of up to 800 jobs, the company said. 5/10/03: Vacuum cleaners and washing machines are about to undergo another revolution at the hands of the British inventor - by learning to talk. Mr Dyson, who pioneered the cyclonic bagless vacuum cleaner, is working on a system that allows faulty appliances to 'speak' on the phone to help centres. The aim is to take the hassle out of giving information to call centre staff when machines break down.
The Business Times newspaper, which first reported the sale, said an offer of S$62 million (£35 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 (£57 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.
"Dyson remains fully committed to expanding its research and development footprint and other operations in Singapore," the spokesman added.