Park Nova penthouse sold for $38.9 mil, translating to near-record high of $6,593 psf
/ EdgeProp Singapore |
Scale model of Park Nova (Picture: Samuel Isaac Chua/The Edge Singapore)
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The largest penthouse at Park Nova has recently been sold, setting a new price high for the development. The five-bedroom unit on the 20th floor, measuring 5,899 sq ft, was sold by the developer for $38.888 million, or $6,593 psf, according to a caveat dated Jan 21 on the URA Realis database.
The transaction marks the highest price recorded for a unit at Park Nova by both absolute price and psf-price, based on caveats lodged. The records for both were previously held by a 4,499 sq ft penthouse that sold in May 2021 for $26.026 million ($5,784 psf).
The transaction also represents the second-highest psf-price ever registered for a condo unit in Singapore. The reigning record holder is a unit at The Marq on Paterson Hill. In 2011, a 3,089 sq ft, four-bedroom unit on the 20th floor of the development fetched $20.54 million or $6,650 psf.
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The Park Nova penthouse sold on Jan 21 is believed to be part of a collection of properties linked to the $3 billion money laundering case that is said to have been put up for sale. The penthouse was previously reported to have sold in 2021 for $34.438 million ($5,838 psf).
The unit is the third at Park Nova that the developer has sold within a month, caveats show. Three days earlier, on Jan 17, a four-bedroom apartment spanning 2,906 sq ft on the 19th floor had fetched $16.59 million ($5,708 psf). Before that, on Dec 27, 2024, another four-bedder measuring 2,896 sq ft on the 18th floor had sold for $15.99 million ($5,522 psf).
Recent sales transactions at Park Nova (Source: EdgeProp Buddy)
The 54-unit Park Nova is a freehold luxury condo at the junction of Orchard Boulevard and Tomlinson Road in prime District 10. Developed by Hong Kong’s Shun Tak Holdings, the apartment received its temporary occupation permit last November.
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