Vacuum billionaire and Brexit backer James Dyson is buying a second luxury property in Singapore, «The Straits Times» (behind paywall) reported on Friday. Dyson already snapped up the city-state's biggest and priciest penthouse, in the central business district, earlier this month.

The 72-year-old, who grew rich on the invention of the bagless vacuum, sparked controversy after disclosing he will move his company's head office and research team from the U.K. to Singapore. He denied the move had anything to do with Brexit, saying that he wanted to be closer to the firm's fastest-growing markets to build the city-state's first electric car.

Botanical Setting

The second property bought by Dyson, who is worth roughly $10 billion according to «The Times» annual rich list, is a so-called Good Class Bungalow. They are among Singapore's most prestigious properties because they are subject to strict planning limitations, and rarely come up for sale.

Located on a hill along Cluny Road, the 1,400 square-meter property has unobstructed views of the UNESCO World Heritage-listed Singapore Botanic Gardens. It makes full use of the steeply sloped site and features a curved swimming pool, sculptural staircase, and a waterfall surrounded by lush plants.

Foreigners Unwelcome

Foreigners and permanent residents are barred from purchasing landed property in Singapore. Exceptions are made for those who have made «exceptional economic contributions in Singapore.»

Still, Dyson would have to fork out an additional 15 percent buyers' stamp duty on the purchase price that is estimated at S$41 million ($30 million), as it is his second property here. 

View images of the property here.