Buyer is said to be Indonesia-born tycoon Leo Koguan, who is a US citizen
THE Dysons behind the eponymous British consumer electronics company are selling their triplex penthouse at Wallich Residence in Tanjong Pagar for S$62 million or close to S$3,000 per square foot on the strata area of 21,108 sq ft, BT understands.
This is lower than the S$73.8 million or S$3,496 psf which the Dysons paid early last year for the residence – Singapore’s tallest, perched on the top three levels of the 64-storey, 290-metre high Guoco Tower.
The property is held under Dyson Ltd founder James Dyson’s wife, Deirdre.
The buyer is said to be Indonesia-born tycoon Leo Koguan; the US citizen and Texas resident is the co-founder and chairman of IT provider SHI International, which has more than 20,000 customers including Boeing and AT&T according to information on the Forbes website.
Some industry observers said the Dysons’ exit price is reasonable. Among other factors, they point to the more cautious overall business sentiment this year amid the Covid-19 pandemic compared with early last year, which may have led the vendors to sell below their original purchase price.
source: The Business Times
