Summary for Savvy Investors
For anyone eager to own a piece of prime Orchard property, this recent sale offers fresh insights into ultra-luxury residences.
Park Nova Penthouse Hits Near-Record-High PSF
The sprawling five-bedroom unit on the 20th floor fetched $38.888 million, or $6,593 psf, marking a landmark transaction in the luxury sector.
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
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 now stands surpassed.
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 solidifies its standing in the pantheon of local high-end condos.
Potential Links to $3 Billion Case
Market sources suggest this penthouse could be tied to the $3 billion money laundering case, as it was reported to have sold for $34.438 million in 2021, before resurfacing on the market. Regardless, official records now confirm the new $6,593 psf price.
Other Recent Deals at Park Nova
Developer Hong Kong’s Shun Tak Holdings has secured three transactions at Park Nova in under a month, according to caveats. Three days prior to the penthouse sale, a 2,906 sq ft four-bedroom unit went for $16.59 million ($5,708 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 |
Park Nova’s Appeal and Unique Features
Park Nova occupies a premier corner of Orchard Boulevard and Tomlinson Road, offering a freehold tenure that draws in both local and foreign buyers. After obtaining TOP in November, the 54-unit project has lured property enthusiasts with its blend of convenience and exclusivity.
Overseas buyers might value the area’s global renown, high connectivity, and the development’s tried-and-true reputation, all contributing to the ongoing sense of value.
The Hillshore For Sale
Concluding Thoughts for High-Net-Worth Collectors
These recurring premium deals at Park Nova signal unwavering demand for Singapore’s top-tier property segment. Clearly, such eye-catching prices hint that prestige, convenience, and exclusivity remain top drivers in luxury property purchases.