The record for the highest price ever paid for a unit at Park Nova has been broken with the recent sale of the largest penthouse at the development. The five-bedroom unit, measuring 5,899 sq ft and located on the 20th floor, was sold by the developer for $38.888 million, setting a new benchmark price for the development at $6,593 psf. This transaction has been recorded in a caveat dated Jan 21 on the URA Realis database.
The previous records for both absolute price and psf-price were held by a 4,499 sq ft penthouse that was sold in May 2021 for $26.026 million ($5,784 psf). This recent sale represents the second-highest psf-price ever registered for a condo unit in Singapore, with the top spot currently held by a unit at The Marq on Paterson Hill. In 2011, a four-bedroom unit measuring 3,089 sq ft on the 20th floor of the development was sold for $20.54 million, setting a new record of $6,650 psf.
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This penthouse is believed to be part of a collection of properties linked to the $3 billion money laundering case that has been 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 has been sold within a month, with three days earlier, on Jan 17, a four-bedroom apartment measuring 2,906 sq ft on the 19th floor being sold for $16.59 million ($5,708 psf). Before that, 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).
The 54-unit Park Nova is a freehold luxury condo in prime District 10, located at the junction of Orchard Boulevard and Tomlinson Road. Developed by Hong Kong’s Shun Tak Holdings, the apartment received its temporary occupation permit last November. For more information on Park Nova properties, check out the latest listings on our website.
To get a better idea of the price trend and available units at Park Nova, use our Buddy feature to search for the latest New Launches. You can also ask Buddy to show you the site plan and diagrammatic chart for the development, compare price trends of condo new sale vs EC new sale, and generate price trend graphs for new launch condos in District 10. Other useful features include generating a comprehensive project summary for Park Nova condo. With EdgeProp Buddy, finding your dream home has never been easier!