{"id":69906,"date":"2019-07-26T06:49:46","date_gmt":"2019-07-26T10:49:46","guid":{"rendered":"https:\/\/thatdope.com\/travel\/billionaire-james-dyson-buys-second-singapore-house-facing-botanic-gardens\/"},"modified":"2019-07-26T06:49:46","modified_gmt":"2019-07-26T10:49:46","slug":"billionaire-james-dyson-buys-second-singapore-house-facing-botanic-gardens","status":"publish","type":"post","link":"https:\/\/thatdope.com\/travel\/billionaire-james-dyson-buys-second-singapore-house-facing-botanic-gardens\/","title":{"rendered":"Billionaire James Dyson buys second Singapore house facing Botanic Gardens"},"content":{"rendered":"<p><\/p>\n<div>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-212362\" src=\"https:\/\/thatdope.com\/wp-content\/uploads\/2019\/07\/james-dyson-second-singapore-home-botanic-gardens-e1564128442759.png\" alt=\"\" width=\"660\" height=\"580\"\/><\/p>\n<p>James Dyson, the billionaire founder of UK technology giant Dyson, is reportedly set to purchase his second property in Singapore.<\/p>\n<p>The house, a 15,103 square metre freehold \u201cGood Class Bungalow\u201d located at Cluny Road next to the Botanic Gardens, was originally listed on the market for S$45 million.<\/p>\n<p>It was completed in 2009, and was built by Guz Architects.<\/p>\n<p>According to documents first obtained by The Straits Times, Dyson was given the approval to buy the property on July 2 by the Controller of Housing.<\/p>\n<div id=\"attachment_212360\" style=\"width: 670px\" class=\"wp-caption alignnone\"><img decoding=\"async\" aria-describedby=\"caption-attachment-212360\" class=\"size-full wp-image-212360\" src=\"https:\/\/thatdope.com\/wp-content\/uploads\/2019\/07\/james-dyson-second-singapore-home-botanic-gardens-2-e1564128271598.png\" alt=\"\" width=\"660\" height=\"417\"\/><\/p>\n<p id=\"caption-attachment-212360\" class=\"wp-caption-text\">Credit: Guz Architects<\/p>\n<\/div>\n<p>This news comes just weeks after <a href=\"https:\/\/www.luxuo.sg\/properties\/billionaire-james-dyson-buys-singapores-most-expensive-73-million-wallich-penthouse.html\">the magnate had bought the most expensive penthouse in the country for a record-setting S$73 million<\/a>.<\/p>\n<p>Good Class Bungalows are considered the most exclusive residential properties in Singapore, with only 2,700 in total across the island. They typically occupy a land area of at least 15,000 square feet, and cost upwards of S$10 million.<\/p>\n<p>Although the government has ruled that only Singaporeans can buy Good Class Bungalows, foreigners and Singapore Permanent Residents like Dyson are allowed to buy these properties on two conditions: They \u201cmust have made exceptional economic contributions to Singapore\u201d; and that they \u201cuse the landed property only for their own occupation\u201d.<\/p>\n<div id=\"attachment_212361\" style=\"width: 1290px\" class=\"wp-caption alignnone\"><img decoding=\"async\" aria-describedby=\"caption-attachment-212361\" class=\"size-full wp-image-212361\" src=\"https:\/\/thatdope.com\/wp-content\/uploads\/2019\/07\/james-dyson-second-singapore-home-botanic-gardens-3.png\" alt=\"\" width=\"1280\" height=\"742\"  \/><\/p>\n<p id=\"caption-attachment-212361\" class=\"wp-caption-text\">Credit: Guz Architects<\/p>\n<\/div>\n<p>The British inventor would also have to pay an additional buyer\u2019s stamp duty of 5% for the Wallich Residence penthouse, and 15% for the Cluny Road estate. This works out to be S$10.4 million in property tax alone.<\/p>\n<p>Dyson\u2019s decision to buy these two properties follows the recent shift of his company\u2019s global corporate headquarters to Singapore to \u201creflect the increasing importance\u201d of the Asian market.<\/p>\n<div data-da=\"59,24\">\n<div class=\"luxify-listings\">\n<p>&#13;<\/p>\n<h6>Luxify listings<\/h6>\n<p>&#13;\n            <\/p>\n<div class=\"luxify-listings__content\">\n<div class=\"luxify-listings__body\" id=\"luxify-listings__body_5d3ad91340f9a\">\n                    <img decoding=\"async\" class=\"luxify-listings__loading\" src=\"https:\/\/thatdope.com\/wp-content\/uploads\/2019\/07\/1564138186_396_loading.gif\"\/>\n                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/www.luxuo.com\/homepage-slider\/billionaire-james-dyson-buys-second-singapore-house-facing-botanic-gardens.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>James Dyson, the billionaire founder of UK technology giant Dyson, is reportedly set to purchase his second property in Singapore. The house, a 15,103 square metre freehold \u201cGood Class Bungalow\u201d located at Cluny Road next to the Botanic Gardens, was originally listed on the market for S$45 million. It was completed in 2009, and was built by Guz Architects. According to documents first obtained by The Straits Times, Dyson was given the approval to buy the property on July 2 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[13],"tags":[176,185],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Billionaire James Dyson buys second Singapore house facing Botanic Gardens<\/title>\n<meta name=\"description\" content=\"James Dyson, the billionaire founder of UK technology giant Dyson, is reportedly set to purchase his second property in Singapore. 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