The most luxurious penthouse at Park Nova has recently been sold, surpassing the previous record price for the development. The five-bedroom unit, located on the 20th floor and spanning 5,899 sq ft, was sold by the developer for an impressive $38.888 million, or $6,593 psf, as per a caveat lodged on Jan 21 on the URA Realis database.
This sale not only sets a new record for the highest price ever recorded for a unit at Park Nova, but also for the highest psf-price based on caveats lodged. The previous records were held by a 4,499 sq ft penthouse that was sold in May 2021 for $26.026 million ($5,784 psf).
The transaction also marks the second-highest psf-price ever registered for a condo unit in Singapore, with the current record holder being a unit at The Marq on Paterson Hill. Back in 2011, a four-bedroom unit on the 20th floor of The Marq, measuring 3,089 sq ft, was sold for $20.54 million ($6,650 psf).
By searching for the latest new launches, one would be able to find out the transaction prices and available units. The Park Nova penthouse that was sold on Jan 21 is believed to be part of a collection of properties linked to a $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).
According to caveats, this is the third unit at Park Nova that the developer has sold within a month. On Jan 17, a four-bedroom apartment measuring 2,906 sq ft on the 19th floor was sold for $16.59 million ($5,708 psf). Prior to that, on Dec 27, a 2,896 sq ft unit on the 18th floor was sold for $15.99 million ($5,522 psf).
The latest sales transactions at Park Nova (Source: EdgeProp Buddy) serve as a testament to the popularity of the 54-unit luxury freehold condo, which is located at the junction of Orchard Boulevard and Tomlinson Road in the prime district of 10. Developed by Shun Tak Holdings from Hong Kong, the development received its temporary occupation permit in November last year. Interested buyers can check out the latest listings for Park Nova properties and ask Buddy for more information. They can also request for the site plan, diagrammatic chart, and project summary of Park Nova condo, as well as compare the price trend of new launch condos versus ECs, the total number of units in Park Nova, and generate a price trend graph for new launch condos in District 10.