Sir James Dyson has agreed to sell his Singapore penthouse at a loss, just one year after buying it.
Singapore’s Business Times reported that he accepted an offer for $62m Singapore dollars ($47m; £36m) from US-based billionaire Leo Koguan.
The sale price is lower than the reported purchase price of S$73.8m.
Sir James bought the luxurious flat - said to be Singapore's largest - last year after announcing he was moving Dyson’s headquarters to the city state.
The company is best known for vacuum cleaners, air purifiers and hair dryers.
Dyson also considered building an electric car factory in Singapore, before pulling the plug over concerns about the car’s commercial viability.
Sir James, who topped the Sunday Times Rich List this year, was an advocate for Brexit.
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