Summary for Property Enthusiasts
If you’ve been monitoring high-end real estate in Singapore, you’ll love this new milestone.
Stunning Penthouse Achieves $6,593 PSF
In a remarkable move, the largest penthouse at Park Nova has just been sold at $38.888 million, translating to an almost unprecedented $6,593 psf.
The Urban Redevelopment Authority’s Realis database confirmed this major sale on Jan 21. This sealed deal achieves Park Nova’s highest psf-rate and absolute price to date.
Stacking Up to Other Luxury Deals
Previously, a 4,499 sq ft penthouse at Park Nova sold in May 2021 for $26.026 million (or $5,784 psf), setting a benchmark that has officially been overtaken.
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.
Potential Links to $3 Billion Case
Rumors abound that the unit is among several properties 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.
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 |
|---|---|---|---|
| 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
Park Nova is located at a premier corner of Orchard Boulevard and Tomlinson Road, offering a freehold tenure that draws in both local and foreign buyers. Following its Temporary Occupation Permit (TOP) last November, the development has remained in the spotlight among investors.
Overseas buyers might value the area’s global renown, high connectivity, and the development’s tried-and-true reputation, all contributing to strong investment confidence.
Lentor Central Residences Launch Date
Concluding Thoughts for Upscale Investors
Park Nova’s continuing series of blockbuster transactions reflects how Singapore’s prime market remains robust even amidst global uncertainties. Clearly, such eye-catching prices hint that ultra-prime real estate sees consistent demand, emphasizing exclusivity as a major draw.