The sale of the largest penthouse at Park Nova has set a new record for the development, according to a recent caveat lodged on the URA Realis database. The five-bedroom unit on the 20th floor, spanning 5,899 sq ft, was sold by the developer for $38.888 million, or $6,593 psf, on Jan 21. This transaction has surpassed both the previous record for absolute price and psf-price at Park Nova.
Before this, a 4,499 sq ft penthouse sold in May 2021 for $26.026 million ($5,784 psf), holding the record for both absolute price and psf-price. This sale also makes it the second-highest psf-price ever registered for a condo unit in Singapore, after the unit at The Marq on Paterson Hill in 2011, which sold for $20.54 million, or $6,650 psf.
The recent transaction is believed to be part of a collection of properties linked to a $3 billion money laundering case, which were reported to be put up for sale. The penthouse was previously said to have been sold in 2021 for $34.438 million ($5,838 psf).
The penthouse is the third unit at Park Nova that the developer has sold within a month, according to caveats. On Jan 17, a four-bedroom apartment on the 19th floor, measuring 2,906 sq ft, was sold for $16.59 million ($5,708 psf). Before that, on Dec 27, 2024, another four-bedroom unit on the 18th floor, spanning 2,896 sq ft, was sold for $15.99 million ($5,522 psf).
Located at the junction of Orchard Boulevard and Tomlinson Road in District 10, the 54-unit Park Nova is a freehold luxury condo developed by Hong Kong’s Shun Tak Holdings. It received its temporary occupation permit in November last year. Interested buyers can browse the latest listings of Park Nova properties or ask Buddy for assistance. They can also compare the price trends of condo and executive condo new sales, generate price trend graphs for new launch condos in District 10, and access project summaries for Park Nova condo.
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