James Dyson sold Singapore Penthouse after failed electric car - Business Insider

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Billionaire James Dyson just sold his Singapore penthouse at a massive loss a year after his company scrapped plans to design an electric vehicle in the city

project because it was closer to suppliers and Asian markets where it would eventually be sold. It was planned to debut in 2021.

In October 2019, Dyson announced that the elctric car project was officially dead. Dyson said that though engineers had developed a "fantastic" car, it was " and the company could not find a buyer. Now, almost exactly a year later Dyson is losing out on millions in the sale of his penthouse.Guoco Tower.The tallest building in Singapore, Guoco Tower is located in the desirable Tanjong Pagar neighborhood in the business district.Designers integrated some sustainable aspects, like solar panels as a roof over one of the public spaces.The building is mixed use, with offices, stores and residences.

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