Quick Overview for Interested Buyers
For anyone eager to invest in prime Orchard property, this recent sale highlights the enduring appeal of ultra-luxury residences.
Stunning Penthouse Achieves $6,593 PSF
In a striking move, the largest penthouse at Park Nova has recently changed hands for $38.888 million, translating to a strikingly premium $6,593 psf.
According to the URA Realis database, the sale was filed on Jan 21. That makes it the most expensive unit at Park Nova so far, both in total quantum and psf terms.
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 now stands surpassed.
For context, The Marq on Paterson Hill still holds the highest rung 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 elite developments.
Money Laundering Case Ties
Market sources suggest this penthouse might be associated 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.
A Trio of Upscale Transactions
The developer also moved a four-bedder on Dec 27, 2024, at $15.99 million, working out to roughly $5,522 psf.
| Date | Unit Size (sq ft) | Price | PSF |
|---|---|---|---|
| January 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 sits on a premier corner of Orchard Boulevard and Tomlinson Road, offering a freehold tenure that resonates with 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.
For those in the area, it’s a quick walk to Orchard’s shopping hub, from iconic malls like ION Orchard to upscale shops.
ELTA Launch
Concluding Thoughts for Discerning Buyers
These recurring premium deals at Park Nova signal unwavering demand for Singapore’s top-tier property segment. Clearly, such eye-catching prices hint that ultra-prime real estate sees consistent demand, emphasizing exclusivity as a major draw.