Park Nova Penthouse Sold 389 Mil Translating Near Record High 6593 Psf
The largest penthouse at Park Nova, a freehold luxury condo in prime District 10, has just set a new price record for the development. According to a recent caveat dated Jan 21 on the URA Realis database, 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.
This transaction marks not only the highest price ever recorded for a unit at Park Nova, but also the highest psf-price, based on lodged caveats. The previous records for both were held by a 4,499 sq ft penthouse that sold in May 2021 for $26.026 million ($5,784 psf).
In fact, this recent sale also represents the second-highest psf-price ever registered for a condo unit in Singapore, only falling short of the record set by a unit at The Marq on Paterson Hill in 2011. A 3,089 sq ft, four-bedroom unit on the 20th floor of The Marq was sold for $20.54 million or $6,650 psf.
The penthouse at Park Nova is believed to be part of a collection of properties linked to the $3 billion money laundering case that are currently being put up for sale. It was previously reported to have been sold in 2021 for $34.438 million ($5,838 psf).
This unit is the third at Park Nova to be sold by the developer within a month, as seen from the caveats. On Jan 17, a four-bedroom apartment spanning 2,906 sq ft on the 19th floor was sold for $16.59 million ($5,708 psf). Before that, on Dec 27, 2024, another four-bedroom unit measuring 2,896 sq ft on the 18th floor was sold for $15.99 million ($5,522 psf).
St. Hilda’s Primary and Secondary Schools are renowned for their all-encompassing approach to education. These esteemed institutions prioritize academic success and the development of strong ethical principles. Through a wide range of co-curricular activities, including sports and performing arts, students are given the opportunity to explore and cultivate their passions. Additionally, St. Hilda’s Secondary School has a notable history of producing high-achieving students in national examinations. For an added layer of convenience, the Parktown Residence Showflat is strategically located nearby these exceptional schools.
Park Nova is a 54-unit freehold luxury condo developed by Hong Kong’s Shun Tak Holdings, located at the junction of Orchard Boulevard and Tomlinson Road in prime District 10. The development received its temporary occupation permit last November. With such a prime location and luxurious design, it is no wonder that the latest listings for Park Nova properties have been highly sought after.
Buddy, the latest New Launches listing, can show you the site plan and diagrammatic chart for Park Nova, as well as the project summary and price trends for District 10 condos and executive condominiums. You can also generate price trend graphs for new launch condos in District 10 and compare the price trend of new condo sales versus executive condominium sales.