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Park Nova Penthouse Sold 389 Mil Translating Near Record High 6593 Psf

Posted on February 4, 2025

Park Nova’s Largest Penthouse Sets New Price Record

To sum it up, opting to invest in a Singapore Condo presents a multitude of benefits. These include a strong demand, potential for growth in value, and attractive rental returns. Nevertheless, it is crucial to carefully assess crucial elements such as location, financing options, government regulations, and market conditions. With thorough research and guidance from experts, investors can make well-informed decisions and maximize their profits in Singapore’s ever-evolving real estate landscape. Whether you are a local investor seeking to diversify your investment portfolio or a foreign buyer looking for a stable and lucrative opportunity, the Singapore Condo market offers a compelling choice. So, if you are interested in investing in a Singapore Condo, be sure to consider these factors and make the most out of this dynamic real estate market.

The highest-priced penthouse at Park Nova has recently been sold, setting a new benchmark for the development. Situated on the 20th floor, this five-bedroom unit spans 5,899 square feet and was purchased from the developer for $38.888 million, equating to a price of $6,593 per square foot, according to a caveat lodged on the URA Realis database on Jan 21.

This transaction sets a new record for both the highest absolute price and highest price per square foot achieved at Park Nova, based on caveats lodged. The previous record holder was a 4,499-square-foot penthouse that sold in May 2021 for $26.026 million, or $5,784 per square foot.

Furthermore, this sale is the second-highest price per square foot ever recorded for a condo unit in Singapore. The current record holder is a unit at The Marq on Paterson Hill, which was sold for $20.54 million, or $6,650 per square foot, in 2011. Interested buyers can explore the latest New Launches for pricing information and available units.

The penthouse sold on Jan 21 is believed to be part of a collection of properties connected 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 at a price of $5,838 per square foot.

Based on caveats lodged, this marks the third unit at Park Nova that has been sold by the developer within a month. The previous two were a four-bedroom, 2,906-square-foot unit on the 19th floor that was sold for $16.59 million ($5,708 psf) on Jan 17, and a four-bedroom, 2,896-square-foot unit on the 18th floor that was sold for $15.99 million ($5,522 psf) on Dec 27, 2024.

Park Nova is a freehold luxury condo comprising 54 units located at the intersection of Orchard Boulevard and Tomlinson Road in prime District 10. Developed by Hong Kong’s Shun Tak Holdings, the development received its temporary occupation permit in November last year. Interested buyers can visit our website to browse the latest listings for properties at Park Nova. We also offer comprehensive information on the project, such as site plan and diagrammatic charts, price comparisons between condos and executive condominiums, total number of units, and price trend graphs for new launch condos in District 10.

Buddy has compiled a summary of project information for Park Nova condo, including the site plan and diagrammatic charts, price trends for both condos and executive condominiums, total number of units, and price trend graphs for new launch condos in District 10. Interested buyers can explore the latest listings for properties at Park Nova on our website.

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