A new record has been set at Park Nova with the sale of its largest penthouse, as stated in a recent caveat lodged on the URA Realis database. The 5,899 sq ft, five-bedroom unit on the 20th floor was sold for a whopping $38.888 million, or $6,593 psf, by the developer.
This transaction has now set a new high in both absolute price and psf-price for a unit at Park Nova, surpassing a previous record held by a 4,499 sq ft penthouse which sold in May 2021 for $26.026 million ($5,784 psf).
Not only is this the highest price recorded for Park Nova, it is also the second-highest psf-price ever registered for a condo unit in Singapore. The only unit that held a higher record was a 3,089 sq ft, four-bedroom unit on the 20th floor of The Marq on Paterson Hill, which sold for $20.54 million or $6,650 psf in 2011.
According to sources, the penthouse was believed to be part of a collection of properties linked to a $3 billion money laundering case, which were put up for sale. It was previously reported to have been 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, with the latest being a four-bedroom apartment spanning 2,906 sq ft on the 19th floor which was sold for $16.59 million ($5,708 psf) on Jan 17. On Dec 27, 2024, another four-bedder measuring 2,896 sq ft on the 18th floor was sold for $15.99 million ($5,522 psf).
Park Nova, a freehold luxury condo located at the junction of Orchard Boulevard and Tomlinson Road in prime District 10, comprises of 54 units. Developed by Hong Kong’s Shun Tak Holdings, the apartment received its temporary occupation permit last November. With its prime location and luxury offerings, the development has attracted numerous buyers.
For those interested in Park Nova properties, the latest listings can be found by searching for New Launches. Additionally, one can find the site plan and diagrammatic chart, as well as the price trend for new launch condos in District 10. With EdgeProp Buddy, one can also generate a price trend graph for new launch condos, compare the price trend of condo versus EC new sale, and get the project summary for Park Nova condo.