Brexit supporter James Dyson buys Singapore’s largest penthouse flat now company relocated there

Knighted by David Cameron and one of England’s largest landowners …

“Sir James Dyson has bought what is thought to be Singapore’s biggest and most expensive penthouse flat.

The purchase comes after his company, best known for its vacuum cleaners, moved its HQ from the UK to Singapore.

Sir James, a prominent advocate for Brexit who has said leaving the EU with no deal would “make no difference”, was accused of hypocrisy after the move.
The property is at the heart of the city’s business district and spans three floors and has five bedrooms.

Official records show Sir James and his wife Lady Deirdre Dyson are joint tenants of the apartment at the prestigious Wallich Residence.

“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,” a Dyson spokesperson said in a statement. …

Sir James took ownership of the property in June, the records show.
According to marketing documents, the property is the largest “non-landed residence” in Singapore and has its own swimming pool, jacuzzi room and bar facilities.

Singapore’s Business Times reports Sir James paid $73.8m ($54m, £43m) for the “super penthouse”, which has views of the city’s Marina Bay Sands and the financial district. …

Most of Dyson’s products are designed in the UK, but manufactured in Asia.”

“UK builders suffer worst monthly decline in a decade”

Owl says: time to stimulate sales with price drops, perhaps? Bringing that profit-per-house at Persimmon down from £77,000 to, say, £27,000 would certainly bring a lot of buyers in! Of course, then there would be no masdive director bonuses, so guess that’s a non-starter (home).

“Britain’s construction sector suffered as “sharp drop in momentum” last month, says data firm Markit.

In a very worrying healthcheck on the construction sector, Markit has found that business activity and incoming new work both fell at the fastest pace for just over 10 years.

Housebuilding, commercial construction and big civil engineering work all contracted during the month — a bad sign for the whole construction sector.

Builders across the country blamed “risk aversion among clients in response to heightened political and economic uncertainty.”

That suggests people are simply unwilling to take risks while they don’t know how the Brexit crisis will be resolved.

This has dragged the IHS Markit/CIPS UK Construction Total Activity Index down to just 43.1 in June, down sharply from 48.6 in May. Any reading below 50 shows a contraction, and this shows the steepest reduction in overall construction output since April 2009.” …

UK builders also reported that new orders dropped at the fastest rate in over 10 years, while demand for construction products and materials fell at the sharpest pace since the start of 2010.”

Top two Tory PM candidates are private landlords

” … Boris Johnson, Sajid Javid (ousted from contest), and Jeremy Hunt – are moonlighting as landlords, and it shows.

We’ve now had two televised debates and housing has barely had a look in. While the outgoing Prime Minister has said she considers “solving the housing crisis is the biggest domestic policy challenge of our generation”, the candidates to replace her seem unphased by it. …

There has been no mention of social housing, nobody has outlined their plan for Generation Rent, one in three of whom will be renting from cradle to grave, and our growing population of pensioner renters has received zero mentions. Listening to them, you would be forgiven for thinking house prices and rents weren’t rising faster than wages. …

Housing inequality certainly played a part in Brexit and, as Conservative think tank Onward highlighted in 2018, by the time of the next election, there will be 253 constituencies where more than 20 per cent of voters are renters. That’s an increase from just 18 at the 2001 election. And they are not voting Tory.

Coming up with a comprehensive strategy for the housing crisis and set of policies to back it up would take time but, at the very least, it would be good to see the social catastrophe that is unaffordable housing acknowledged by the men who want to be the next Prime Minister. …”

At least three of the Tory leadership contenders are moonlighting as landlords, and it shows

Tory hopeful talks about the effects of WTO rules with no deal

Hugo’s pick Raab is for crashing out under WTO rules. Here’s Tory hopeful Rory Stewart on what that means in practice.

Mmmm … cheaper milk from the US and cheaper beef from Argentias … cheaper cars from Japan … sounds good until you realise we have to export milk, beef and cars into the EU with massive tariffs!