Quick Overview for Interested Buyers
If you’ve been monitoring high-end real estate in Singapore, you’ll love this noteworthy transaction.
Park Nova Penthouse Hits Near-Record-High PSF
The massive five-bedroom unit on the 20th floor fetched $38.888 million, or $6,593 psf, marking a defining transaction in the luxury sector.
The Urban Redevelopment Authority’s Realis database shows this major sale on Jan 21. This completed deal achieves Park Nova’s highest psf-rate and absolute price to date.
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.
For context, The Marq on Paterson Hill still holds the top spot at $6,650 psf, achieved in 2011 by a 3,089 sq ft four-bedroom unit. Still, this new transaction cements Park Nova’s status among Singapore’s top-tier developments.
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). Either way, the caveat lodged on Jan 21 stands as the official figure.
Other Recent Deals at Park Nova
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 |
|---|---|---|---|
| Jan 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 |
Prime District Location & Expert Commentary
Nestled at the junction of Orchard Boulevard and Tomlinson Road in District 10, Park Nova’s freehold status and coveted address stand out. Following its Temporary Occupation Permit (TOP) last November, the development has generated consistent interest among investors.
For those living locally, it’s a short stroll to Orchard’s shopping hub, from iconic malls like ION Orchard to luxury boutiques.
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Concluding Thoughts for High-Net-Worth Collectors
Park Nova’s continuing series of blockbuster transactions illustrates how Singapore’s prime market remains vibrant even amidst global uncertainties. Clearly, such eye-catching prices hint that ultra-prime real estate sees consistent demand, emphasizing exclusivity as a major draw.