Park Nova’s largest penthouse recently set a new record for the development, after it was sold for $38.888 million. According to a caveat dated January 21st on the URA Realis database, the five-bedroom unit is located on the 20th floor and spans over 5,899 sq ft, translating to a price of $6,593 psf.
This transaction marks the highest price ever recorded for a unit at Park Nova, both in terms of absolute price and psf-price, based on lodged caveats. Previously, these records were held by a 4,499 sq ft penthouse that was sold in May 2021 for $26.026 million ($5,784 psf).
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The sale of the penthouse also sets a new record for the second-highest psf-price ever registered for a condo unit in Singapore. The current record holder is a unit at The Marq on Paterson Hill, which sold for $20.54 million or $6,650 psf in 2011.
It is believed that the penthouse sold on January 21st is part of a collection of properties linked to the $3 billion money laundering case, which has reportedly been put up for sale. The penthouse was previously reported to have sold in 2021 for $34.438 million ($5,838 psf).
Recently, the developer of Park Nova has also sold two other units within a month, according to caveats. On January 17th, a four-bedroom unit on the 19th floor measuring 2,906 sq ft was sold for $16.59 million ($5,708 psf). Prior to that, on December 27th, another four-bedroom unit on the 18th floor measuring 2,896 sq ft was sold for $15.99 million ($5,522 psf).
Park Nova is a freehold luxury condo consisting of 54 units located at the prestigious Orchard Boulevard and Tomlinson Road in prime District 10. Developed by Hong Kong’s Shun Tak Holdings, the development received its temporary occupation permit in November 2021.
If you’re interested in purchasing a unit at Park Nova, you can check out the latest listings for available properties. You can also use the EdgeProp Buddy feature to find out the site plan and diagrammatic chart for Park Nova, compare price trends of Condo new sale vs EC new sale, generate price trend graphs for new launch condos in District 10, and view a summary of the project.