Summary for Property Enthusiasts
If you’ve been keeping an eye on high-end real estate in Singapore, you’ll love this new milestone.
Park Nova Penthouse Hits Near-Record-High PSF
In a impressive move, the largest penthouse at Park Nova has recently changed hands for $38.888 million, translating to an almost unprecedented $6,593 psf.
According to official caveat records, the sale was entered on Jan 21. That makes it the most expensive unit at Park Nova so far, both in total quantum and psf terms.
Measuring Against Singapore’s Highest PSF Sales
Back in May 2021, a smaller penthouse (4,499 sq ft) grabbed headlines at $5,784 psf ($26.026 million in total). This fresh deal shatters that record.
Notably, the $6,593 psf unit rate is second only to a unit at The Marq on Paterson Hill, which sold in 2011 for $6,650 psf. Even so, Park Nova’s latest sale cements its standing in the pantheon of local high-end condos.
Part of a High-Profile Collection?
Rumors abound that the unit is part of a portfolio linked to a high-profile money laundering investigation, initially transacted at $34.438 million ($5,838 psf). Regardless, official records now confirm the new $6,593 psf price.
Developer’s Sales Surge
It comes on the heels of another four-bedroom unit sold on Dec 27, 2024, measuring 2,896 sq ft, for $15.99 million ($5,522 psf).
| Date | Unit Size (sq ft) | Price | PSF |
|---|---|---|---|
| January 21, 2025 | 5,899 | $38.888 million | $6,593 |
| Jan 17, 2025 | 2,906 | $16.59 million | $5,708 |
| Dec 27, 2024 | 2,896 | $15.99 million | $5,522 |
Park Nova’s Appeal and Unique Features
Nestled at the junction of Orchard Boulevard and Tomlinson Road in District 10, Park Nova’s freehold status and central location stand out. Following its Temporary Occupation Permit (TOP) last November, the development has generated consistent interest among investors.
Overseas buyers might appreciate the area’s global renown, high connectivity, and the development’s established reputation, all contributing to a solid track record of returns.
Kassia Sales
Concluding Thoughts for High-Net-Worth Collectors
Park Nova’s continuing series of blockbuster transactions illustrates how Singapore’s prime market remains robust even amidst global uncertainties. Clearly, such eye-catching prices hint that this segment of the market thrives on its unique appeal and enduring asset value.